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Question 2 The following data provides information regarding Abadi Manufacturing Ltd. During the period 1 July 2019 until 30 June 2019: item Cos! (RM) Opening

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Question 2 The following data provides information regarding Abadi Manufacturing Ltd. During the period 1 July 2019 until 30 June 2019: item Cos! (RM) Opening stock Raw materials 21,200 Work in process 35,690 Ending stock: Raw materials 20,000 Work in process 27.800 Direct wages 140,250 Factory supervisor's salary 28,000 Manager's salary 67,200 Advertisement 4.730 Salesman's commission 10.000 Purchase of raw materials 101,420 Royalty (based on unit produced) 15,000 Rental for factory 36,000 Machine at cost 150,000 Additional information: During the period ended 30 June 2019, Abadi Manufacturing Ltd. Managed to sell 5,700 units for RM155 each. .) Depreciation for the machine is charged at 20% per year according to the straight-line method. HD Opening and closing stock for finished goods is RM20,700 and RM14,060 respectively. Required: a) Prepare a statement of cost of good manufactured for the year ended 30 June 2019. (10 marks) b) Compute the net profit for the year ended 30 June 2019

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