PRINCIPLE OF ACCONTING Q1 A.PLEASE ANSWER ASAP Q1 (a)Logam Sdn. Bhd manufactures metal containers. The data relates to the period ending31 March 2022 are shown in Table Q1(a) below.Table Q1(a): Costs InformationItemsInventory, 1 March 2021:Raw materialsWork in progressFinished goodsPurchases - raw materialsFactory equipmentRepairs to factory equipmentHire of special equipmentAssembly workers wagesIndirect raw materialIndirect labour wagesFactory rentDepreciation on factory equipmentFactory electricity and utilities expensesAdministration expensesSelling and distribution expensesFactory insurance expensesInventory, 31 March 2022:of Logam Sdn. Bhd for the Period Ending 31March 2022Raw materialsWork in progressFinished goodsRMAll period cost are not allocated to the factory.Prepare:(1) 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. J40,00015,00018,000350,00020,00050012,600170,9003,00012,00010,0004,0002,00041,60021,5001,50048,30026,10020,700

Manufacturing account in the business shows total costs incurred in the production and manufacturing…

Q1 3 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, IMarch 2021: Raw materials Work in progress Finished goods Purchases - raw materials Factory equipment Repairs to factory equipment Hire of special equipment Assembly workers wages Indirect raw material Indirect labour wages Factory rent Depreciation on factory equipment Factory elec Administration expenses ity and utilities expenses Selling and distribution expenses Factory insurance expenses Inventory, 31 March 2022: RM (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022. J 40,000 15,000 18,000 350,000 20,000 Raw materials Work in progress Finished goods All period cost are not allocated to the factory. Prepare: (i) The manufacturing account for Logam Sdn Bhd at 31 March 2022. 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

Q1 3 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, IMarch 2021: Raw materials Work in progress Finished goods Purchases - raw materials Factory equipment Repairs to factory equipment Hire of special equipment Assembly workers wages Indirect raw material Indirect labour wages Factory rent Depreciation on factory equipment Factory elec Administration expenses ity and utilities expenses Selling and distribution expenses Factory insurance expenses Inventory, 31 March 2022: RM (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022. J 40,000 15,000 18,000 350,000 20,000 Raw materials Work in progress Finished goods All period cost are not allocated to the factory. Prepare: (i) The manufacturing account for Logam Sdn Bhd at 31 March 2022. 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

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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