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1. Prepare Statement of Goods Manufactured for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. 2. Prepare Statement of Profit or Loss Comprehensive Income for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. and Other

1. Prepare Statement of Goods Manufactured for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. 2. Prepare Statement of Profit or Loss Comprehensive Income for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. and Other

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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B. Followings are the account records for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. RM Inventory 1 Jan 2021: Raw materials 125,400 Work In Process 131,100 Finished Goods 123,260 Purchases of direct raw materials 191,535 Purchases of indirect raw materials 58,000 Direct labour 184,208 Salaries expenses - Administration office 133,419 Rent expenses 15,200 Utilities expenses - Administration office Depreciation expenses - Machine (Factory) 10,200 Depreciation expenses - Machine (Office) 14,420 5,200 Sales revenue 818,622 Fossil fuel expenses Factory 8,120 Additional information: 1. 3/4 of the rent expenses is for factory while the remaining balance is allocated to administration office. 2. Inventories as at 31 Disember 2021 is as follows: : RM120,800 : RM124,600 : RM128,840 Raw materials Work in process Finished goods REQUIRED: 1. Prepare Statement of Goods Manufactured for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. 2. Prepare Statement Comprehensive Income for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. of Profit or Loss and Other
Transcribed Image Text:B. Followings are the account records for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. RM Inventory 1 Jan 2021: Raw materials 125,400 Work In Process 131,100 Finished Goods 123,260 Purchases of direct raw materials 191,535 Purchases of indirect raw materials 58,000 Direct labour 184,208 Salaries expenses - Administration office 133,419 Rent expenses 15,200 Utilities expenses - Administration office Depreciation expenses - Machine (Factory) 10,200 Depreciation expenses - Machine (Office) 14,420 5,200 Sales revenue 818,622 Fossil fuel expenses Factory 8,120 Additional information: 1. 3/4 of the rent expenses is for factory while the remaining balance is allocated to administration office. 2. Inventories as at 31 Disember 2021 is as follows: : RM120,800 : RM124,600 : RM128,840 Raw materials Work in process Finished goods REQUIRED: 1. Prepare Statement of Goods Manufactured for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. 2. Prepare Statement Comprehensive Income for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. of Profit or Loss and Other
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