DWAKTU Sdn.Bhd. (DWAKTU) manufactures trendy, high quality and moderately priced ladies watches. As DWAKTU's financial manager, you are asked to recommend a method of inventory costing. The CFO will use your recommendation to prepare DWAKTU financial statement. The following data is for the year ended 31 December 2021. Inventory 1 January 2021 Inventory 31 December 2021 2021 sales Selling price Variable manufacturing cost Variable marketing cost per unit sold Fixed manufacturing costs Fixed marketing and admin costs 8,500 units 3,450 units 34,540 units RM240 per unit RM100 per unit RM20 per unit RM1,415,520 RM1,080,000 Assume standard cost per unit is the same for units in beginning and units produced for the year.

DWAKTU Sdn.Bhd. (DWAKTU) manufactures trendy, high quality and moderately priced ladies watches. As DWAKTU's financial manager, you are asked to recommend a method of inventory costing. The CFO will use your recommendation to prepare DWAKTU financial statement. The following data is for the year ended 31 December 2021. Inventory 1 January 2021 Inventory 31 December 2021 2021 sales Selling price Variable manufacturing cost Variable marketing cost per unit sold Fixed manufacturing costs Fixed marketing and admin costs 8,500 units 3,450 units 34,540 units RM240 per unit RM100 per unit RM20 per unit RM1,415,520 RM1,080,000 Assume standard cost per unit is the same for units in beginning and units produced for the year.

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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