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The following balances were extracted from the books of Eaglite Manufacturing Company for the year...

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Accounting

The following balances were extracted from the books of Eaglite Manufacturing Company for the year 2021:
Beginning of year 2021
End of year 2021
Raw materials stock
Sh.000
72,000
Sh.000
96,000
Work-in-progress
32,000
44,000
Finished goods
126,000
138,000
Accounts receivable
218,000
254,000
Accounts payable
208,000
202,000
Additional information:
1. Annual sales amounted to Sh.4,748 million.
2. Cost of production during the year amounted to Sh.2,320 million.
3. Raw materials purchased during the year amounted to Sh.1,526 million.
4. Annual cost of sales amounted to Sh.2,862 million.
5. All sales and purchases made during the year were on credit terms.
Assume that a year has 365 days

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