Additional information: i. Inventory at 31 December 2020: a. Raw materials b. Finished goods RM14,510 RM44,490 ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 jn. Manufacturing...


Additional information:<br>i. Inventory at 31 December 2020:<br>a. Raw materials<br>b. Finished goods<br>RM14,510<br>RM44,490<br>ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200<br>jn. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent<br>prepaid RM140<br>Required:<br>a) Prepare statement of cost production for the year ended 31 December 2020.<br>b) Prepare statement of comprehensive income for the year ended 31 December 2020.<br>c) Prepare statement of financial position as at 31 December 2020.<br>

Extracted text: Additional information: i. Inventory at 31 December 2020: a. Raw materials b. Finished goods RM14,510 RM44,490 ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 jn. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent prepaid RM140 Required: a) Prepare statement of cost production for the year ended 31 December 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020. c) Prepare statement of financial position as at 31 December 2020.
4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows:<br>Particulars<br>Debit<br>RM<br>Credit<br>RM<br>0.<br>Delivery van expenses<br>Lighting and heating:<br>Factory<br>Office<br>Manufacturing wages<br>General expenses:<br>Factory<br>Office<br>Sales representatives : Commission<br>Purchase of raw materials<br>Rent:<br>Factory<br>Office<br>Machinery (Cost : RM40,000)<br>Office equipment (RM9,000)<br>Office salaries<br>Accounts receivables<br>Account payables<br>Bank<br>Sales<br>Van (cost RM6,800)<br>Inventory at 3December 2020:<br>Raw materials<br>Finished goods<br>Drawings<br>Capital<br>1,760<br>7,220<br>1,490<br>72,100<br>8,100<br>1,940<br>11,688<br>57,210<br>6,100<br>2,700<br>28,600<br>8,200<br>17,740<br>34,200<br>9,400<br>16,142<br>194,800<br>6,200<br>13,260<br>41,300<br>24,200<br>155,950<br>360,150 360,150<br>ТОTAL<br>

Extracted text: 4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Debit RM Credit RM 0. Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory Office Sales representatives : Commission Purchase of raw materials Rent: Factory Office Machinery (Cost : RM40,000) Office equipment (RM9,000) Office salaries Accounts receivables Account payables Bank Sales Van (cost RM6,800) Inventory at 3December 2020: Raw materials Finished goods Drawings Capital 1,760 7,220 1,490 72,100 8,100 1,940 11,688 57,210 6,100 2,700 28,600 8,200 17,740 34,200 9,400 16,142 194,800 6,200 13,260 41,300 24,200 155,950 360,150 360,150 ТОTAL

Jun 09, 2022
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