Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Greenleaf Ltd., a manufacturing company, has provided the following details for the six months ended 30 June, 2021. $ 125,000 80,000 4,000 5,500 Balances in

image text in transcribedimage text in transcribedimage text in transcribed

Greenleaf Ltd., a manufacturing company, has provided the following details for the six months ended 30 June, 2021. $ 125,000 80,000 4,000 5,500 Balances in the ledger at 31 December 2020 included: Finished Goods Inventory Direct Materials Inventory Indirect Materials Inventory Work in process Inventory Transactions during the six months ended 30 June 2021: Sales Purchases direct materials Freight inwards - Direct materials Direct wages paid Supervisor's salary_ Indirect materials purchased Factory Insurance Factory rates Other factory expenses Additional information Accrued direct wages Depreciation on factory plant Physical stocktake at 30 June 2021:- Direct material inventory on hand Finished goods inventory on hand Indirect material inventory on hand Work in process inventory on hand 4,890,000 910,000 2,600 610,500 45,000 12,000 6,000 15,400 398,000 ca 5002 10,000 2 84,000 130,000 3,500 6,000 Required: (a) Prepare a Cost of Goods Manufactured Statement for the six months ended 30 June, 2021 (18 marks) (b) Prepare an Income Statement for the six months ended 30 June, 2021 (4 marks) (TASK3 (a GREENLEAF LTD Cost of Goods Manufactured Statement For the six months Ended 30 June 20214 S S ) ( ( ) ) ( ( T. ) ) ) ) ) ( 1 1 ' ( ( ) ) ( ( ( ) T. ( ) L L TASK 3 (b) GREENLEAF LTD Income Statement For the six months Ended 30 June 20214 $ s qqqqq qqqqqqq q ,,,, CCCC CC C D E C D E )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Of Sport Management

Authors: John Beech, Simon Chadwick

2nd Edition

027372133X, 9780273721338

More Books

Students also viewed these Accounting questions

Question

What steps are followed to create an Update query?

Answered: 1 week ago

Question

Do you strive to create a diverse workforce?

Answered: 1 week ago