Extracted text: QUESTION 2 The following balances have been extracted from the books of BTJ Company Ltd as at 31st December, 2019 GH¢ Inventories (1st January, 2019): Raw materials Work-in-progress Finished goods 26,000 31,600 73,720 Direct wages Indirect wages 572,000 218,400 5,160 52,000 108,000 70,160 115,800 496,000 2,260,000 36,000 Royalties Electricity and power General factory expenses Maintenance of equipment General office expenses Purchases of raw materials Sales Depreciation of plant and machinery Provision for unrealized profit 16,000 Additional information i) Inventories in hand at 31st December, 2019: Raw materials GH¢19,920 Work in progress GH¢27,800 Finished goods GH¢86,000 ii) Electricity and power and Maintenance expenses are to be apportioned 80% to the factory and 20% to the company's offices. At 31st December, 2019 an electricity bill of GH¢3,200 remained unpaid and maintenance costs paid in advance amounted to GH¢3,040 iv) iii) The company always transfers finished goods from the factory to the warehouse at factory cost plus 25%. You are required to prepare the: a. Manufacturing account for the year ending 31t December, 2019. b. Statement of profit or loss for the year ending 31st December, 2019.