A. Bonika San Bhd (BSB) manufactures small camping tents. BSB produced 3.000 units during the year. These camping tents sell for RMI 50 each. BSB had 500 units in finished goods inventory at the beginning of the yeor.At the end of the year, there were 800 units in finished goods inventory. The following information was supplied by its occountant: Additional information: Only 70% of the utilities expense and 80% of the insurance expense apply to foctory operations. The remaining amounts should be charged to selling and odministrative octivities. Required: a) Compute prime cost, manutacturing cost and cost of goods manutactured. b) Compute cost of goods sold. (8 marks) c) Prepare an income statement. (2 marks) (5 marks) (Total: 15 Marks) Instrucflons: Answer all quebtiona, Question 1 Mr. Bactol establiahed o tour opency on I jaruory 2021. The tratooctions for the month ore as follows: As per the example provided below, you ore required to: the business. a) Show the elfects fricrease/decreasel upon awsets. labilfies, eapenses, tevenue and owner's equity for the fransoctione. b) State the joumat entries (siebit/credit) [4 marks] c) Identify the opprepricte book of prime erery to tectrd the mardocticnd [4 marks) [2 markt] [Totat to Morks] A. Bonika San Bhd (BSB) manufactures small camping tents. BSB produced 3.000 units during the year. These camping tents sell for RMI 50 each. BSB had 500 units in finished goods inventory at the beginning of the yeor.At the end of the year, there were 800 units in finished goods inventory. The following information was supplied by its occountant: Additional information: Only 70% of the utilities expense and 80% of the insurance expense apply to foctory operations. The remaining amounts should be charged to selling and odministrative octivities. Required: a) Compute prime cost, manutacturing cost and cost of goods manutactured. b) Compute cost of goods sold. (8 marks) c) Prepare an income statement. (2 marks) (5 marks) (Total: 15 Marks) Instrucflons: Answer all quebtiona, Question 1 Mr. Bactol establiahed o tour opency on I jaruory 2021. The tratooctions for the month ore as follows: As per the example provided below, you ore required to: the business. a) Show the elfects fricrease/decreasel upon awsets. labilfies, eapenses, tevenue and owner's equity for the fransoctione. b) State the joumat entries (siebit/credit) [4 marks] c) Identify the opprepricte book of prime erery to tectrd the mardocticnd [4 marks) [2 markt] [Totat to Morks]
