(a)[2]
Calculate the amount of unrealised profit included in inventory on 31 December 2019.
(b)[2]
Calculate the rate of factory profit being applied in 2019.
(c)[14]
Prepare the income statement for the year ended 31 December 2019.
(d)[5]
Advise Barry whether or not he should apply a rate of factory profit of 50%. Justify your answer.
(e)[2]
Explain where carriage on raw materials is recorded in the financial statements of a manufacturing business.