(a) Prepare a schedule showing the amount of direct materials used in production during the year.

(b) Compute the amount of manufacturing overhead incurred during the year.

(2 marks)

(2 marks)

(c) Prepare a schedule of Cost of Goods Manufactured for ABCD Berhad for the year ended 31 December 2020.

(4 marks)

(d) Prepare the Cost of Goods Sold section of the Income Statement for ABCD Berhad for the year ended 31 December 2020.

(2 marks)

8,000 QUESTION 1 The following costs and inventory data were taken from the accounts of ABCD Berhad for the year 2020: 1 January 2020 31 December 2020 Inventories: Raw materials (RM) 8.000 (RM) 7,000 Work in process 15,000 13,000 Finished goods 16,000 10,000 Costs incurred: Raw materials purchases (RM) 93,000 Direct labor 42,000 Factory rent Factory utilities 7.000 Indirect materials 4,000 Indirect labor 6,000 Selling expenses 5,000 Administrative expenses 12.000 Instructions: (a) Prepare a schedule showing the amount of direct materials used in production during the year. (2 marks) (b) Compute the amount of manufacturing overhead incurred during the year. (2 marks) () Prepare a schedule of Cost of Goods Manufactured for ABCD Berhad for the year ended 31 December 2020. (4 marks) (d) Prepare the Cost of Goods Sold section of the Income Statement for ABCD Berhad for the year ended 31 December 2020. (2 marks) TOTAL 10 MARKSI