The following balances appeared in the Trial Balance of Star and Co.
|
Rs |
||
|
Opening Stock: |
Raw Material |
1,20,000 |
|
Work in progress |
70,000 |
|
|
Finished goods |
1,40,000 |
|
|
Purchases |
5,40,000 |
|
|
Sales |
10,50,000 |
|
|
Returns: |
Purchases |
15,000 |
|
Sales |
9,000 |
|
|
Wages |
1,95,000 |
|
|
Factory expenses |
1,35,000 |
|
|
Freight: |
Inwards |
25,000 |
|
Outwards |
45,000 |
|
|
Carriage: |
Inwards |
5,000 |
|
Outwards |
10,000 |
|
|
At the end of the accounting period, the stock on hand were: |
||
|
Raw Materials |
1,05,000 |
|
|
Work in progress |
30,000 |
|
|
Finished Goods |
1,65,000 |
|
Prepare the Manufacturing and Trading Account.