required : 1)manufacturing account for the year ended 2)statement of profit and loss for the year ended

NE DEON PAGE LAYOUT Anale 11-XA BIU.alx x x A. A. E S mat Painter Paragraph TUTORIAL IN CLASS The following list of balances as at 31 July 2019 are extracted from the books of Al Bal which commenced business on 1 August 2018 lo design and manufacture kitchen furniture RM 60,000 30,000 9,000 Plant and machinery at cost Motor vehicles at cost Loose tools purchased Sales Raw material purchased Direct factory wages Light and power Indirect factory wages Machinery repairs Motor vehicles running expense Rent and insurance Administration staff salanes Administrative expenses Sales and distribution salaries Capital at 1 August 2018 1600 11600 31,000 9.000 13.000 122.000 16.500 11 200 Payables Bank Additional information: 1. The estimated useful life of plant and machinery and motor vehicles is 10 years and 4 years respectively. There is no residual value at the end of the useful life of both assets The depreciation for both assets is to be calculated on straight line method 2. Light and power accrued at 31 July 2019 amounted to RM 1,000 and prepaid rent and insurance is RM800 3. Al 31 July 2019, inventory values were as follows: Raw materials Finished Goods Work in progress RM 7,000 10.000 12,300 4. Two third (2/3) of the light and power and rent and insurance costs are to be allocated to factory cost and one third (1/3) to general administration costs 5. All Motor vehicle costs are to be allocated equally to factory costs and general administration costs 6 it is the practice to transfer the completed goods at cost plus 10% markun to the SOCI 7 Loose tools balances as at 31 July 2019 were valued at RM5.000