PT. INO during 2020 managed to sell 150 units of its production goods at a selling price of Rp. 40,000,-

The existing inventory at PT. INO consists of:

As of 1 Jan 2020 Inventory As of 31 Dec 2020

Rp. 66,000 Raw Materials Rp 192,000

Rp 162,000 Product 1/2 Finished Rp 96,000

Rp 108,000 Finished Product Rp 204,000

Production costs and operating costs for 2020 are as follows:

Purchase of raw materials IDR 1.050.000

Direct labor cost IDR 720,000

The transportation cost for purchasing raw materials is IDR 54,000

Discount on purchasing raw materials Rp. 18.000 Marketing Cost:

- Marketing department salary IDR 780,000

- Advertising/Promotion IDR 166.000

- Other costs for the promotion part IDR 100,000 General Factory Cost/Overhead

- Indirect labor wages IDR 105,000

- Factory depreciation/depreciation IDR 50,000

- Other factory costs IDR 270,000 General & Administration Fees

- Office employee salary IDR 564,000

- Other costs for general parts IDR 120,000 20% income tax

From the data above:

1. Make a Cost of Production Report

2. Make an Income Statement