B. Followings are the account records for Yan Min FactorySdn Bhd for the year ended 31 December 2021.RMInventory 1 Jan 2021:Raw materials125,400Work In Process131,100Finished Goods123,260Purchases of direct raw materials191,535Purchases of indirect raw materials58,000Direct labour184,208Salaries expenses - Administration office 133,419Rent expenses15,200Utilities expenses - Administration officeDepreciation expenses - Machine (Factory) 10,200Depreciation expenses - Machine (Office)14,4205,200Sales revenue818,622Fossil fuel expenses Factory8,120Additional information:1. 3/4 of the rent expenses is for factory while the remainingbalance is allocated to administration office.2. Inventories as at 31 Disember 2021 is as follows:: RM120,800: RM124,600: RM128,840Raw materialsWork in processFinished goodsREQUIRED:1. Prepare Statement of Goods Manufactured for Yan MinFactory Sdn Bhd for the year ended 31 December 2021.2. Prepare StatementComprehensive Income for Yan Min Factory Sdn Bhd forthe year ended 31 December 2021.of Profit orLoss andOther

Cost of goods manufactured = prime cost + factory cost Gross profit =…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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