The following data is provided by Naseer Textile. Jan, 01 Rs. 88,000 29,000 54,000 Dec, 31 Rs.63,000 38,000 65,000 Inventories: Material Work in process Finished goods Additional information: Rs.5.000,000 360,000 8,000 468,000 355,000 Building- Material purchased Sales discounts Factory overheads paid Marketing and Admin Expense paid Depreciation 5% (80% manufacturing, 20% marketing & Admin) Sales Direct factory payroll Indirect factory payroll Office payroll Freight in Freight out Interest on Bond Payable Income tax 1,845,000 500,000 100,000 150,000 6,500 5,000 15,000 35% Required: Prenare income statement
The following data is provided by Naseer Textile. Jan, 01 Rs. 88,000 29,000 54,000 Dec, 31 Rs.63,000 38,000 65,000 Inventories: Material Work in process Finished goods Additional information: Rs.5.000,000 360,000 8,000 468,000 355,000 Building- Material purchased Sales discounts Factory overheads paid Marketing and Admin Expense paid Depreciation 5% (80% manufacturing, 20% marketing & Admin) Sales Direct factory payroll Indirect factory payroll Office payroll Freight in Freight out Interest on Bond Payable Income tax 1,845,000 500,000 100,000 150,000 6,500 5,000 15,000 35% Required: Prenare income statement
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 4.7C
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![动望
1:02 & &
Assignment 1CMA-BM F...
The following data is provided by Naseer Textile.
Dec, 31
Rs.63,000
38,000
65,000
Inventories:
Jan, 01
Material
Rs. 88.000
29,000
54,000
Work in process
Finished goods
Additional information:
Rs.5.000,000
360,000
8,000
468,000
355,000
Building-
Material purchased
Sales discounts
Factory overheads paid
Marketing and Admin Expense paid
Depreciation 5% (80% manufacturing, 20% marketing & Admin)
Sales
Direct factory payroll
Indirect factory payroll
Office payroll
Freight in
Freight out
Interest on Bond Payable
1,845,000
500,000
100,000
150,000
6,500
5,000
15,000
35%
Income tax
Required: Prepare inçomę statement
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Transcribed Image Text:动望
1:02 & &
Assignment 1CMA-BM F...
The following data is provided by Naseer Textile.
Dec, 31
Rs.63,000
38,000
65,000
Inventories:
Jan, 01
Material
Rs. 88.000
29,000
54,000
Work in process
Finished goods
Additional information:
Rs.5.000,000
360,000
8,000
468,000
355,000
Building-
Material purchased
Sales discounts
Factory overheads paid
Marketing and Admin Expense paid
Depreciation 5% (80% manufacturing, 20% marketing & Admin)
Sales
Direct factory payroll
Indirect factory payroll
Office payroll
Freight in
Freight out
Interest on Bond Payable
1,845,000
500,000
100,000
150,000
6,500
5,000
15,000
35%
Income tax
Required: Prepare inçomę statement
...
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