GH Company manufactures car parts and has provided the following information relating to the year ended 31 March 2025. Revenue $ 1107272 Raw materials Inventory at 1 April 2024 21700 Inventory at 31 March 2025 16400 Finished goods Inventory at 1 April 2024 76370 Inventory at 31 March 2025 49660 Salaries and wages Operatives' wages 241 200 Factory supervisors' salaries 48240 Office staff salaries 64350 Purchases of raw materials 280050 Purchases of finished goods 122430 Carriage in on finished goods 2242 Factory machinery at cost 427000 Accumulated depreciation of factory machinery 187000 Rent and rates 10060 Electricity charges 9344 Insurance 18400 Factory general expenses 27640 Work in progress at 1 April 2024 83440 Work in progress at 31 March 2025 92510 Additional information 1 Depreciation on factory machinery is to be provided at 15%, using the reducing balance method. 2 Rent and rates – 60% relate to the factory, with the remainder being for the office. 3 Electricity charges are to be split in the ratio 5:3 between factory and office. 4 Insurance is split equally between factory and office.