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prepare a manufacturing account & income statement from the follow balances.Balances of W.milar teh year ending 31 december 2013. Inventory at 1 jan 2013: Raw materials ....................25400 work in progress.................31100 finished goods....................23260 purchased raw materials....91535 carriage on raw materials...1960 direct labor..........................84208 office salaries.....................33419 rent....................................5200 office lighting & heating.....4420 depreciation working machinary......10200 office equipment...............2300 sales.................................318622 factory fuel & power.........8120 rent is to be apportioned:factory 3/4.inventory at 31 dec 2013was: raw materials $28900,work in progress $24600, finished goods $28840
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