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answer the whole question (10 marks) in progress at the Muranga Lid supplied the following details regarding a contract that was end of the accounting
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(10 marks) in progress at the Muranga Lid supplied the following details regarding a contract that was end of the accounting period ended 29 February 2019 Contract price N5100 000 Cost to dane Sale wale work certified Cost fred work Retention amount Calculate the amounta in on this contract that may be wastomed to the pro and loss account for the past accounting period using each of the following 33 The work certified method 34 The percentage of completion method (10 Marks) The following data have been obtained from the accounting records of Kapenambil Corporation for the year ended 31 December 2019 Account 870 000 Purchases of raw materials 160 000 Direct in our 230 000 Manufacturing overhead 210 000 Administrave expenses 110 000 Seing expenses 160000 Page 26 of 27 Raw material inventory beginning cost of raw man consumed Cost of goods manufactured Work in proces ventory ending Fished goods ventory beginning Finished goods ventory ending 10 000 110 000 38000 30 000 110 600 100 000 Required 421 Prepare a Schedule of cost of Goods Manufactured 422 Compute the cost of Goods Sold 423 Prepare an Statement of Comprehensive income End of assignment: 90 marks (10 marks) in progress at the Muranga Lid supplied the following details regarding a contract that was end of the accounting period ended 29 February 2019 Contract price N5100 000 Cost to dane Sale wale work certified Cost fred work Retention amount Calculate the amounta in on this contract that may be wastomed to the pro and loss account for the past accounting period using each of the following 33 The work certified method 34 The percentage of completion method (10 Marks) The following data have been obtained from the accounting records of Kapenambil Corporation for the year ended 31 December 2019 Account 870 000 Purchases of raw materials 160 000 Direct in our 230 000 Manufacturing overhead 210 000 Administrave expenses 110 000 Seing expenses 160000 Page 26 of 27 Raw material inventory beginning cost of raw man consumed Cost of goods manufactured Work in proces ventory ending Fished goods ventory beginning Finished goods ventory ending 10 000 110 000 38000 30 000 110 600 100 000 Required 421 Prepare a Schedule of cost of Goods Manufactured 422 Compute the cost of Goods Sold 423 Prepare an Statement of Comprehensive income End of assignment: 90 marksStep by Step Solution
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