Classify the costs of Unity Manufacturing Company by nature and function, listing the amounts for each category.

Here is the classification of the costs from Unity Manufacturing Company:

Classification by Nature:
This classification categorizes costs based on their inherent characteristics (e.g., materials, labor, expenses).

• Materials:
  • Raw Materials: GH¢ 34,500
  • Indirect Materials: GH¢ 11,300
  • Office Stationery: GH¢ 10,900
• Labor:
  • Manufacturing Wages: GH¢ 26,200
  • Management Salaries: GH¢ 8,400
• Expenses:
  • Variable Factory Overhead: GH¢ 17,300
  • Depreciation of Machinery: GH¢ 12,600
  • Advertisement and Delivery Van: GH¢ 6,600
  • Fuel and Power: GH¢ 6,900

Classification by Function:
This classification categorizes costs based on the activity or department for which they are incurred (e.g., production, administration, selling).

• Production Costs (Manufacturing Costs):
  • Raw Materials: GH¢ 34,500
  • Manufacturing Wages: GH¢ 26,200
  • Variable Factory Overhead: GH¢ 17,300
  • Depreciation of Machinery: GH¢ 12,600
  • Indirect Materials: GH¢ 11,300
  • Fuel and Power: GH¢ 6,900
• Administrative Costs:
  • Office Stationery: GH¢ 10,900
  • Management Salaries: GH¢ 8,400
• Selling and Distribution Costs:
  • Advertisement and Delivery Van: GH¢ 6,600

Note: Work-In-Progress (GH¢ 16,000) is an inventory item, representing accumulated costs in partially completed goods, rather than a cost to be classified by nature or function in the current period.