Instrucfions: Answer all questions. Question 1 Mr. Badrol established a tour agency on 1 January 2021. The transactions for the month are as follows: As per the example provided below, you are required to: 1 January 2021- Started in business and deposited RM60,000 into a bank account opened specialy for the business. Quettisn 2 2021 a) Rent ideverve recelved in advance amounfing to Piw.750. c) Decreciotion: d) Bate cecrund wbs pust. 7) Privition for doutyaid debh atorya toe inerecoped by eutho. 1. Inventory at at 3t Doctinber 202 is RM1 9.050. 3 Required: (8 mona) b) Frepore Super Moyu Enserproe't statement of financial coetion os of 31 Decenber 2021 . [7 marci [Tolot:15 Marks) A. Bonika San Bhd (BSB) manufactures small camping tents. BSB produced 3.000 units during the year. These camping tents sel for RM150 each. BSB had 500 units in finished goods inventory at the beginning of the year. At the end of the year, there were 800 units in finished goods inventory, The following information was supplied by its accountant: Additional information: Only 70% of the utilities expense and 80% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. Required: a) Compute prime cost, manufacturing cost and cost of goods manufactured. (8 marks) b) Compute cost of goods sold. (2 marks) c) Prepare an income statement. (5 marks) (Total: 15 Marks) Instrucfions: Answer all questions. Question 1 Mr. Badrol established a tour agency on 1 January 2021. The transactions for the month are as follows: As per the example provided below, you are required to: 1 January 2021- Started in business and deposited RM60,000 into a bank account opened specialy for the business. Quettisn 2 2021 a) Rent ideverve recelved in advance amounfing to Piw.750. c) Decreciotion: d) Bate cecrund wbs pust. 7) Privition for doutyaid debh atorya toe inerecoped by eutho. 1. Inventory at at 3t Doctinber 202 is RM1 9.050. 3 Required: (8 mona) b) Frepore Super Moyu Enserproe't statement of financial coetion os of 31 Decenber 2021 . [7 marci [Tolot:15 Marks) A. Bonika San Bhd (BSB) manufactures small camping tents. BSB produced 3.000 units during the year. These camping tents sel for RM150 each. BSB had 500 units in finished goods inventory at the beginning of the year. At the end of the year, there were 800 units in finished goods inventory, The following information was supplied by its accountant: Additional information: Only 70% of the utilities expense and 80% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. Required: a) Compute prime cost, manufacturing cost and cost of goods manufactured. (8 marks) b) Compute cost of goods sold. (2 marks) c) Prepare an income statement. (5 marks) (Total: 15 Marks)
