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DON'T HAND WRITE PLZ Jasmine is in a business, manufacturing components for computers. The following information relates to the year end on the 31st December
DON'T HAND WRITE PLZ
Jasmine is in a business, manufacturing components for computers. The following information relates to the year end on the 31st December 2020: Inventory as of 1st January 2020: raw materials work in progress finished goods Inventory as of 31st December 2020: raw materials work in progress finished goods Purchases of raw materials Sales Returns outwards Carriage inwards Factory wages Factory rent and rates Other factory overheads Factory machinery at cost Provision for depreciation of factory machinery on 1st Jan 2020 Provision for unrealised profit on 1st Jan 2020 RM 15,368 22,922 84,240 16,984 63,486 96,960 420,864 5,000,000 940 3,456 1,630,036 26,524 252,680 800,000 630,000 14,040 Additional Information: On 31st December 2020: (i) Factory wages accrued amounted to RM3,724; (ii) Factory wages are apportioned 78 direct labour and 18 indirect labour; (iii) Factory rates prepaid amounted to RM1,164; (iv) Factory machinery is to be depreciated by 20% per year using the reducing balance method. REQUIRED: Prepare a Manufacturing Account for the year end on the 31st of December 2020Step by Step Solution
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