The following information is taking from Wei Min Enterprise for the year ended 31 December 2020: Particulars RM Inventory at 1 January 2020: Raw materials Work in progress Finished goods 25,400 31,100 23,260 Purchases : raw materials 91,535 Carriage on raw materials 1,960 Direct labour 84,208 Office salaries 33,419 Rent 5,200 Office lighting and heating 4,420 Depreciation: Works machinery Office equipment 10,200 2,300 Sales 318,622 Factory fuel and power 8,120 Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information: i. Rent is to be apportioned: factory 3⁄4; office 1⁄4 ii. Inventory at 31 December 2020 was: a. Raw materials RM28,900 b. Work in progress RM24,600 c. Finished goods RM28,840 Required: b) Prepare statement of comprehensive income for the year ended 31 December 2020
The following information is taking from Wei Min Enterprise for the year ended 31
December 2020:
Particulars RM
Inventory at 1 January 2020:
Raw materials
Work in progress
Finished goods
25,400
31,100
23,260
Purchases : raw materials 91,535
Carriage on raw materials 1,960
Direct labour 84,208
Office salaries 33,419
Rent 5,200
Office lighting and heating 4,420
Works machinery
Office equipment
10,200
2,300
Sales 318,622
Factory fuel and power 8,120
Prepared by: Puan Siti Nor Junita Mohd Radzi
Additional information:
i. Rent is to be apportioned: factory 3⁄4; office 1⁄4
ii. Inventory at 31 December 2020 was:
a. Raw materials RM28,900
b. Work in progress RM24,600
c. Finished goods RM28,840
Required:
b) Prepare statement of comprehensive income for the year ended 31 December 2020.
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