4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Credit Debit RM 1,760 RM Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory Office Sales representatives : Commission Purchase of raw materials Rent: Factory Office Machinery (Cost: RM40,000) Office equipment ( RM9,000) Office salaries Accounts receivables Account payables Bank Sales Van (cost RM6,800) Inventory at 31 December 2020: Raw materials Finished goods Drawings Capital 7,220 1,490 72,100 8,100 1,940 11,688 57,210 6,100 2,700 28,600 8,200 17,740 34,200 9,400 16,142 194,800 6,200 13,260 41,300 24,200 155,950 360,150 360,150 TOTAL Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information: i. Inventory at 31 December 2020: a. Raw materials RM14,510 RM44,490 b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 i. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent prepaid RM140 Required: a) Prepare statement of cost production for the year ended 31 December 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020. c) Prepare statement of financial position as at 31 December 2020.
4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Credit Debit RM 1,760 RM Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory Office Sales representatives : Commission Purchase of raw materials Rent: Factory Office Machinery (Cost: RM40,000) Office equipment ( RM9,000) Office salaries Accounts receivables Account payables Bank Sales Van (cost RM6,800) Inventory at 31 December 2020: Raw materials Finished goods Drawings Capital 7,220 1,490 72,100 8,100 1,940 11,688 57,210 6,100 2,700 28,600 8,200 17,740 34,200 9,400 16,142 194,800 6,200 13,260 41,300 24,200 155,950 360,150 360,150 TOTAL Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information: i. Inventory at 31 December 2020: a. Raw materials RM14,510 RM44,490 b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 i. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent prepaid RM140 Required: a) Prepare statement of cost production for the year ended 31 December 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020. c) Prepare statement of financial position as at 31 December 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows:
Particulars
Credit
Debit
RM
1,760
RM
Delivery van expenses
Lighting and heating:
Factory
Office
Manufacturing wages
General expenses:
Factory
Office
Sales representatives : Commission
Purchase of raw materials
7,220
1,490
72,100
8,100
1,940
11,688
57,210
Rent:
Factory
Office
Machinery (Cost: RM40,000)
Office equipment ( RM9,000)
Office salaries
Accounts receivables
Account payables
Bank
Sales
Van (cost RM6,800)
Inventory at 31 December 2020:
6,100
2,700
28,600
8,200
17,740
34,200
9,400
16,142
194,800
6,200
Raw materials
Finished goods
Drawings
Capital
13,260
41,300
24,200
TOTAL
155,950
360,150 360,150
Prepared by: Puan Siti Nor Junita Mohd Radzi
Additional information:
i. Inventory at 31 December 2020:
a. Raw materials
RM14,510
b. Finished goods
ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200
ii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent
prepaid RM140
RM44,490
Required:
a) Prepare statement of cost production for the year ended 31 December 2020.
b) Prepare statement of comprehensive income for the year ended 31 December 2020.
c) Prepare statement of financial position as at 31 December 2020.
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