Manufacturing accounts — practice question

The year ended 31 March 2024 information below was given for G Limited, a manufacturing business. Purchases: Raw materials $68000 Finished goods $32413 Wages: Factory operatives $183700 Factory supervisors $47200 Administration salaries $34925 Factory machinery at cost $247000 Provision for depreciation of factory machinery $51500 Factory general expenses $20250 Rates & insurance $7100 Administration expenses $5470 Carriage on purchases of finished goods $2180 Royalties $3240 Inventory: 1 April 2023 / 31 March 2024 Raw materials $18200 / $19820 Work in progress $23400 / $22650 Finished goods $6820 / $9350 Additional information: 1 Factory machinery is to be depreciated at 15% per annum using the reducing balance method. 2 On 31 March 2024 rates, $620, were owing. 3 Rates and insurance are to be apportioned 60% to the factory and 40% to the office.