The following information is taking from Wei Min Enterprise for the year ended 31 December 2020: Particulars RM Inventory at 1 January 2020: Raw materials Work in progress Finished goods Purchases:...

Extracted text: The following information is taking from Wei Min Enterprise for the year ended 31 December 2020: Particulars RM Inventory at 1 January 2020: Raw materials Work in progress Finished goods Purchases: raw materials Carriage on raw materials Direct labour Office salaries Rent Office lighting and heating Depreciation: Works machinery Office equipment Sales Factory fuel and power 25,400 31,100 23,260 91,535 1,960 84,208 33,419 5,200 4,420 10,200 2,300 318,622 8,120


Extracted text: Date : Additional information: Rent is to be apportioned: factory ; office 4 Inventory at 31 December 2020 was: a. Raw materials b. Work in progress c. Finished goods ii. RM28,900 RM24,600 RM28,840 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.