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All period cost are not allocated to the factory. Prepare: (i) The manufacturing account for Logam Sdn Bhd at 31 March 2022. (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.

All period cost are not allocated to the factory. Prepare: (i) The manufacturing account for Logam Sdn Bhd at 31 March 2022. (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.

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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CONFIDENTIAL Q1 (a) Logam Sdn. Bhd manufactures metal containers. The data relates to the period ending 31 March 2022 are shown in Table Q1(a) below. Table Q1(a): Costs Information of Logam Sdn. Bhd for the Period Ending 31 March 2022 Items Inventory, 1March 2021: Raw materials Work in progress Finished goods Purchases raw materials Factory equipment Repairs to factory equipment BPA 11403 Hire of special equipment Assembly workers wages Indirect raw material Indirect labour wages Factory rent Depreciation on factory equipment Factory electricity and utilities expenses Administration expenses (i) RM Selling and distribution expenses Factory insurance expenses Inventory, 31 March 2022: Raw materials Work in progress Finished goods All period cost are not allocated to the factory. Prepare: The manufacturing account for Logam Sdn Bhd at 31 March 2022. 40,000 15,000 18,000 350,000 20,000 500 12,600 170,900 3,000 12,000 10,000 4,000 2,000 41,600 21,500 1,500 48,300 26,100 20,700 (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.
Transcribed Image Text:CONFIDENTIAL Q1 (a) Logam Sdn. Bhd manufactures metal containers. The data relates to the period ending 31 March 2022 are shown in Table Q1(a) below. Table Q1(a): Costs Information of Logam Sdn. Bhd for the Period Ending 31 March 2022 Items Inventory, 1March 2021: Raw materials Work in progress Finished goods Purchases raw materials Factory equipment Repairs to factory equipment BPA 11403 Hire of special equipment Assembly workers wages Indirect raw material Indirect labour wages Factory rent Depreciation on factory equipment Factory electricity and utilities expenses Administration expenses (i) RM Selling and distribution expenses Factory insurance expenses Inventory, 31 March 2022: Raw materials Work in progress Finished goods All period cost are not allocated to the factory. Prepare: The manufacturing account for Logam Sdn Bhd at 31 March 2022. 40,000 15,000 18,000 350,000 20,000 500 12,600 170,900 3,000 12,000 10,000 4,000 2,000 41,600 21,500 1,500 48,300 26,100 20,700 (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.
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