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The following information is available from the books of Mokaya Manufacturing Company limited. Inventories on 1...

The following information is available from the books of Mokaya Manufacturing Company limited.

  1. Inventories on 1 January 2009

                                                                             Shs

Raw materials                                                   50,000

Work in Progress                                               76,000

Completed Product                                            84,000

Inventories on 31 December 2009

Raw materials                                                   60,000

Work in progress                                              64,000

Completed products                                          90,000

Purchases of raw materials                              560,000

Carriage inwards                                               14,000

Return of raw materials                                    26,000

Direct wages                                                   160,000

Salaries(40%factory,30% office,30%sales)        120,000

Rent (30% factory, 30% office, 40% warehouse) 80,000

Factory power                                                    30,000

Factory expenses                                               40,000

Administrative expenses                                  24,000

Selling and distribution expenses                      36,000

Sales                                                             1,300,000


Required:

i. Prepare a production cost statement

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Expert Solution

ekkarill92 answered 2 years ago
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