Question 2: ABC Company has the following information for the period ended 31 December 2020. Direct material purchased OMR 360000 Direct labor OMR 200000 Factory maintenance OMR 29000 Power and heat-factory OMR 18500 Direct Expenses 15 % of the direct labor cost Indirect factory labor OMR 21000 Freight In OMR 7000 Depreciation - Factory OMR 22300 Advertisement expenses OMR 8500 Inventories, 1 January 2020: Direct Material OMR 41700 Work-in-process OMR 50000 Finished goods OMR 75000 Purchase returns of direct materials OMR 7400 Depreciation administrative OMR 13800 Inventories, 31 December 2020: Material OMR 19000 Work in process OMR 32000 Finished goods 3000 Units Total Production Units 35000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Caleulate unit production cost. Question 3: KLM Co. had the following information in 2020: Issuance of common stock Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of long Term Assets Decrease in Accounts receivable Purchase of short term investment Increase of prepaid expenses Purchase of land Net Profit Depreciation Amortization 32000 15000 21000 55000 29000 24000 17000 12000 15000 50000 37800 18500 9500 Prepare cash flows statement, use indirect method for operating cash flow. Question 4: XYZ Co. had the following information in 2020: Sales COGS Operating expenses (excluding depreciation) Interest expense Taxes Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 150000 80000 32000 8000 3000 7000 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method