Question 4 Harith Sdn. Bhd. manufactures crystal. The company provides the following details. Sales Finance expenses Advertisement Bonus to management Sales person salary Labour cost Electricity Marketing expenses Insurance Bank Accounts receivables Accounts payables Long term loan Cash Capital Indirect materials Managerial salary Factory cafeteria expenses Royalties Inventories for raw materials (1 July 2019) Purchases of raw materials Inventories of finished goods (1 July 2019) Plant and machinery at cost Factory vehicle at cost Management building at cost Repairs to plant and machinery General expenses of factory Maintaining machinery Carriage inwards for raw materials Duty charges on raw materials Rental of special equipment's for production (RM) 3,000,000 27,000 40,000 22,000 15,000 170,200 150,000 45,000 10,000 2,372,000 51,000 4,000 22,000 2,051,900 5,000,000 45,000 60,000 15,000 50,000 40,000 1,000,000 850,000 650,000 300,000 60,000 5,200 30,000 40,000 8,000 10,500 4,200 Factory vehicle maintenance expenses Inventories for raw materials (30 June 2020) Inventories of finished goods (30 June 2020) Work in progress (1 July 2019) Work in progress (30 June 2020) Accumulated depreciation Plant and machinery Factory vehicle Management building 14,000 27,000 6,000 5,000 3,200 15,000 85,000 15,000 Additional information: i electricity is allocated to the factory. Factory vehicle is to be depreciated at 20%, plant and machinery is to be depreciated at 10% and management building is to be depreciated at 10% respectively per annum using straight line method. iii. 40% of insurance is charged to office and 60% is charged to factory. iv. RM20,000 of the managerial salary is paid to the supervisor at the factory. Required a) Prepare the manufacturing account for the year ended 30th June 2020. (15 marks) (5 marks) b) Prepare the statement of profit or loss and other comprehensive income for the year ended 30th June 2020. c) Prepare the statement of financial position as at 30th June 2020. (5 marks) (Total 25 marks)