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The Finance Director of Sully Limited has asked you to prepare a month's cost accounts for her company that operates a batch costing system that is fully integrated with the financial accounting. The accountant provides you with the following information:

Balances at the beginning of the month:

Stores ledger control account

43,960

Work in progress control account

32,715

Prepayments of production overheads brought forward from previous month

4,474

Transactions during the month:

Materials purchased

91,176

Materials returned to supplier

14,340

Materials transferred between batches

2,401

Materials issued:

- to production

68,108

- to maintenance

12,271

Total gross wages* (see note 1 below)

83,403

Other production overheads incurred

23,163

Cost of goods completed and transferred to finished goods

190,950

*Note 1

Gross wages consist of:

Wages paid to employees

60,229

Tax deductions payable to the Government

14,651

National insurance contributions

8,523

The allocation of gross wages for the period was:

Direct wages charged to batches

59,644

Direct wages incurred on production of capital equipment for use in the factory

4,161

Indirect wages

19,598

Note 2

The production overhead absorption rate is 80% of the direct wages charged to batches. The company does not include a share of production overheads in the cost of capital equipment constructed in the factory.

Note 3

After a physical stock take the value of the stores stock at the end of the month was 37,403

Required:

Prepare the following accounts for the month:

Stores ledger control account

Wages control account

Work in progress control account

Production overhead control account

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