CONFIDENTIAL

GUCIJAN-APR22/DEFA332/S1

QUESTION FIVE (5)

ABC Manufacturing is a company manufacturer Cupboard. Financial data for the year ended 31

December 2021, as followed:

Raw material

Work in progress

Finished Goods

Raw material purchase

Carriage inward on raw material purchase

Direct wages

Factory rent

Indirect labor

Factory Insurance

Machine Depreciation Expenses

Finished Good for Sales

1 Jan 2021

20.000

10.000

5,000

31 Dec 2021

28.000

9.000

8,500

80.000

1.200

20.000

6.000

10,000

4,200

6.000

150.000

Required

a) Prepare manufacturing statement for ABC Manufacturing for the year ended 31

December 2021.

b) State how much cost of Raw Material, Cost of Direct Labor and Cost Goods Manufacture

Sold

(30 Marks)

COPYRIGHT RESERVED

CONFIDENTIAL

CONFIDENTIAL GUCIJAN APR22/DEFA332/51 QUESTION FIVE (5) ABC Manufacturing is a company manufacturer Cupboard. Financial data for the year ended 31 December 2021, as followed:- Raw material Work in progress Finished Goods 1 Jan 2021 20,000 10,000 5,000 31 Dec 2021 28.000 9,000 8,500 Raw material purchase Carriage inward on raw material purchase Direct wages Factory rent Indirect labor Factory Insurance Machine Depreciation Expenses Finished Good for Sales 80,000 1,200 20.000 6,000 10.000 4,200 6,000 150,000 Required a) Prepare manufacturing statement for ABC Manufacturing for the year ended 31 December 2021 b) State how much cost of Raw Material Cost of Direct Labor and Cost Goods Manufacture Sold (30 Marks) COPYRIGHT RESERVED CONFIDENTIAL CONFIDENTIAL GUCIJAN APR22/DEFA332/51 QUESTION FIVE (5) ABC Manufacturing is a company manufacturer Cupboard. Financial data for the year ended 31 December 2021, as followed:- Raw material Work in progress Finished Goods 1 Jan 2021 20,000 10,000 5,000 31 Dec 2021 28.000 9,000 8,500 Raw material purchase Carriage inward on raw material purchase Direct wages Factory rent Indirect labor Factory Insurance Machine Depreciation Expenses Finished Good for Sales 80,000 1,200 20.000 6,000 10.000 4,200 6,000 150,000 Required a) Prepare manufacturing statement for ABC Manufacturing for the year ended 31 December 2021 b) State how much cost of Raw Material Cost of Direct Labor and Cost Goods Manufacture Sold (30 Marks) COPYRIGHT RESERVED CONFIDENTIAL