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The following balances as at 28 February 2017 have been extracted from the accounting records of Tomas Neale Ltd:

Raw material in stock at 010316       $ 20,000

Raw material purchases                         130,000

Carriage inwards                                          8,000

Direct labour                                                80,000

Indirect factory labour                               80,000

Factory power (indirect)                             45,000

Insurance of production equipment       40,000

Depreciation of production equipment   50,000

Other production overheads                       35,000

Work in progress at 010316                       30,000

Finished goods stock at 010316                 45,000

Sales                                                                  880,000

Distribution costs                                              150,000

Administration expenses                                 110,000

Raw material in stock at 280217                     12,000

Work in progress at 280217                            45,000

Finished goods stock at 280213                       50,000

Required

a) Prepare the manufacturing account for the year ended 28 February 2017.

b) Prepare the trading and profit and loss account for the year ended 28 February 2017.

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