3. 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 Carrage on raw materials Direct labour Office salaries Rent Oflice lighaing and heating Depreciation: Works machinery Offica equipment Sales Factory fuel and power 25,400 31,100 23,260 91.535 1,960 84,208 33.419 5,200 4420 10,200 2,300 318.622 8,120 Additional information: Rent is to be apportioned: factory ; ofice % i. Inventory at 31 December 2020 was: a Raw materials b. Work in progress C. Finished goods 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.

3. 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 Carrage on raw materials Direct labour Office salaries Rent Oflice lighaing and heating Depreciation: Works machinery Offica equipment Sales Factory fuel and power 25,400 31,100 23,260 91.535 1,960 84,208 33.419 5,200 4420 10,200 2,300 318.622 8,120 Additional information: Rent is to be apportioned: factory ; ofice % i. Inventory at 31 December 2020 was: a Raw materials b. Work in progress C. Finished goods 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.

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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