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a) Prepare statement of cost production for the year ended 31 Becember 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020.

a) Prepare statement of cost production for the year ended 31 Becember 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020.

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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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. 4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Debit RM Credit RM Particulars 1,760 Delivery van expenses Lighting and heating: Factory Office 7,220 1,490 72,100 Manufacturing wages General expenses: Factory Office 8,100 1,940 11,688 57,210 Sales representatives : Commission Purchase of raw materials Rent: 6,100 2,700 28,600 8,200 17,740 34,200 Factory Office Machinery (Cost : RM40,000) Office equipment ( RM9,000) Office salaries Accounts receivables Account payables 9,400 Bank 16,142 Sales 194,800 6,200 Van (cost RM6,800) Inventory at 31 December 2020: Raw materials Finished goods Drawings Capital 13,260 41,300 24,200 155,950 360,150 360,150 TOTAL Prepared by: Puan Siti Nor Junita Mohd F
Transcribed Image Text: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. 4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Debit RM Credit RM Particulars 1,760 Delivery van expenses Lighting and heating: Factory Office 7,220 1,490 72,100 Manufacturing wages General expenses: Factory Office 8,100 1,940 11,688 57,210 Sales representatives : Commission Purchase of raw materials Rent: 6,100 2,700 28,600 8,200 17,740 34,200 Factory Office Machinery (Cost : RM40,000) Office equipment ( RM9,000) Office salaries Accounts receivables Account payables 9,400 Bank 16,142 Sales 194,800 6,200 Van (cost RM6,800) Inventory at 31 December 2020: Raw materials Finished goods Drawings Capital 13,260 41,300 24,200 155,950 360,150 360,150 TOTAL Prepared by: Puan Siti Nor Junita Mohd F
1 ang tion Fol 45,000 000 Additional information: i. Inventory at 31 December 2020: a. Raw materials b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 RM14,510 RM44,490 iii. 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.
Transcribed Image Text:1 ang tion Fol 45,000 000 Additional information: i. Inventory at 31 December 2020: a. Raw materials b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 RM14,510 RM44,490 iii. 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.
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