Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help please i will give good rating The following information was obtained from the books of a paper factory on 31 March 2022 RM
Please help please i will give good rating
The following information was obtained from the books of a paper factory on 31 March 2022 RM Raw materials, 1 March 2022 8,000 Raw materials, 31 March 2022 11,000 Direct labour 20,000 Purchases of raw materials 10,000 Insurance 10,000 Depreciation on sales equipment 5,000 Carriage inwards on raw materials 1,000 Advertising expense 12,000 Factory rental 5,000 Factory supervisors' salary 9,000 Selling and administrative salaries 25,000 Notes: 1. Insurance was prepaid for RM2,000. 2. Insurance was to be apportioned between the factory and the sales department in the ratio 3:1 3. Factory rental was accrued for RM1,000. 4. Selling and administrative salaries was accrued for RM3,000. REQUIRED Prepare a manufacturing account for the month ended 31 March 2022Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started