SL Furniture Ltd. Balance Notes Note 1: Inventories 31-Dec 30-Jun 30-Jun 20x4 20x3 20x4 Raw materials $ 385,778 $ 391,753 $ 315,498 Goods in process 723,335 729,276 627,846 Finished goods 819,779 1,084,077 528,481 $1,471,825 $1,928,892 $2,205,106 Note 2: Property, plant and equipment 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3 Accum. Net Book Net Book Net Book Cost Depr. Value Value Value Machinery and equipment $3,157,951 $ 809,689 $2,300,101 $2,156,150 $2,348,262 Furniture and fixtures 236,871 169,718 86,457 92,145 67,153 Computer equipment 784,126 356,728 451,261 537,597 427,398 Automotive equipment 258,461 75,528 202,841 225,714 182,933 $4,437,409 $1,411,663 $3,025,746 $3,040,660 $3,011,606 Note 3: Accounts payable and accrued liabilities 31-Dec 30-Jun 30-Jun 20x4 20x3 20x4
SL Furniture Ltd. Balance Notes Note 1: Inventories 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3 Raw materials $ 315,498 $ 385,778 $ 391,753 Goods in process 627,846 723,335 729,276 Finished goods 528,481 819,779 1,084,077 $1,471,825 $1,928,892 $2,205,106 Note 2: Property, plant and equipment 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3 Cost Accum. Depr. Net Book Value Net Book Value Net Book Value Machinery and equipment $3,157,951 $ 809,689 $2,348,262 $2,300,101 $2,156,150 Furniture and fixtures 236,871 169,718 67,153 86,457 92,145 Computer equipment 784,126 356,728 427,398 451,261 537,597 Automotive equipment 258,461 75,528 182,933 202,841 225,714 $4,437,409 $1,411,663 $3,025,746 $3,040,660 $3,011,606 Note 3: Accounts payable and accrued liabilities 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3
Commercial-Bankuptcy-Teaching-Case-Study-SL-Furniture-September-2015.docx