(a)[8]
Prepare a manufacturing account covering the year ended 31 December 2020.
(b)[3]
Prepare the provision for unrealised profit account for the year ended 31 December 2020.
(c)[5]
Explain the treatment of unrealised profit in G Limited's statement of financial position at 31 December 2020. In your answer, refer to relevant accounting concepts.
(d)[4]
Prepare the trading section of the income statement for the year ended 31 December 2020, showing the gross profit from luxury sofas and standard sofas separately.
(e)[5]
Advise the directors on which option to choose. Justify your response and back it up with calculations.