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Question 4 (10 Marks) The following data have been obtained from the accounting records of Kapenambili Corporation for the year ended 31 December 2019. Account
Question 4 (10 Marks) The following data have been obtained from the accounting records of Kapenambili Corporation for the year ended 31 December 2019. Account N$ Sales 870 000 Purchases of raw materials 160 000 Direct labour 230 000 Manufacturing overhead 210 000 Administrative expenses 110 000 Selling expenses 160 000 Page 26 of 27 Raw material inventory, beginning Cost of raw materials consumed Cost of goods manufactured Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 10 000 110 000 580 000 50 000 110 000 100 000 Marks Required 4.2.1 Prepare a Schedule of Cost of Goods Manufactured 4.2.2 Compute the cost of Goods Sold 4.2.3 Prepare an Statement of Comprehensive Income
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