Prepare a statement of cost of goods manufactured and sold 6.2 Prepare a statement of comprehensive income 

Khumalo Limited incurred the following costs last month: Sales/Revenue Other income R1 800 000 R225 000 Expenses: R420 000 Marketing and selling expenses R270 000 Administrative expenses R150 000 Purchases of raw materials R300 000 R405 000 R630 000 Direct labour Manufacturing overheads: Indirect materials Indirect labour Utilities, factory Property taxes, factory . Insurance, factory Equipment rental, factory Depreciation R7 500 R150 000 R120 000 R54 000 R13 500 R105 000 R180 000 But some of the goods sold this month were produced in previous months . some of the costs listed above were incurred to make goods that were not sold this month. Assume that actual MOH = applied MOH. Therefore cost of goods sold does not equal the sum of the above costs we need to determine the values of the various inventories. Additional data for Khumalo Limited are given below: Raw materials: Opening raw materials inventory 9 Purchases of raw materials Closing raw materials inventory Raw materials used in production Work-in-process inventory: Opening work-in-process inventory . Total manufacturing costs Closing work-in-process inventory R15 000 R300 000 R45 000 R? R60 000 R? R90 000 Cost of goods manufactured (i.e. finished) R? Finished goods inventory: Opening finished goods inventory Cost of goods manufactured (i.e. finished) Closing finished goods inventory Cost of goods sold Required: R195 000 R? R120 000 R? 6.1 Prepare a statement of cost of goods manufactured and sold 6.2 Prepare a statement of comprehensive income