Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help me please urgent alement of profit and Loss for the year ended 30 b) Prepare Ketumbar Enterprise's statement of financial position as at 30

Help me please urgent

image text in transcribed
alement of profit and Loss for the year ended 30 b) Prepare Ketumbar Enterprise's statement of financial position as at 30 June 2019 (18 marks) (12 marks) (Total:30 Marks) Question 3 Al Hamid Enterprise (AHE) produced 2,000 television stands in August. These stands are sold for RM300 each. AHE had 250 finished goods inventories at the beginning of August. At the end of August, there were 500 stands in the finished goods inventories. The following cost information relates to the month of August: RM Purchases of raw materials 130,000 Beginning materials inventory 17,500 Ending materials inventory 25,000 Direct labour / 75,000 Indirect labour 15,000 Royalty expenses 5,000 Factory rent 15,500 Depreciation of machinery 22 500 Factory utilities 4 500 Factory supervision 33,700 Sales commission 67.500 Administration expenses 15.000 Beginning work in process inventory 4 000 Ending work in process inventory 5,500 Beginning finished goods inventory 30,000 Ending finished goods inventory 42.500 Required: a) Prepare a statement for cost of goods manufactured for the month of August. (16 marks) b) Compute the average cost of producing one unit of television stand. (2 marks) c) Prepare a statement of profit and loss for the month of August. (Total:25 Ma REDMI NOTE AI QUAD CAMERA

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

Step: 3

blur-text-image

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

College Accounting Chapters 1-12

Authors: Douglas McQuaig

10th Edition

1439038783, 978-1439038789

More Books

Students also viewed these Accounting questions

Question

Self-confidence

Answered: 1 week ago

Question

The number of people commenting on the statement

Answered: 1 week ago