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The following information is taken from the December 31 st , 2019, adjusted trial balance and other records of FHHA Sdn. Bhd. RM Advertising expense

The following information is taken from the December 31st, 2019, adjusted trial balance and other records of FHHA Sdn. Bhd.

RM

Advertising expense 19,125

Depreciation expense-Office equipment 8,750

Depreciation expense-Selling equipment 10,000

Depreciation expense-Factory equipment 32,500

Factory supervision 122,500

Factory supplies used 15,750

Factory utilities 36,250

Inventories

Raw materials, December 31st, 2018 177,500

Raw materials, December 31st, 2019 168,125

Goods in process, December 31, 2018

15,875

Goods in process, December 31st, 2019

14,000

Finished goods, December 31st, 2018

164,375

Finished goods, December 31st, 2019

129,000

Direct labor

650,750

Indirect labor

60,000

Miscellaneous production cost

8,500

Office salaries expense

100,875

Raw materials purchases

872,500

Rent expense-Office space

21,125

Rent expense-Selling space

25,750

Rent expense-Factory building

79,750

Maintenance expense-Factory equipment

27,875

Sales

3,275,000

Sales salaries expense

286,250

Office equipment

250,000

Selling equipment

120,000

Factory equipment

310,000

Bank

17,000

Account Receivable

60,000

Account Payable

111,000

Capital

280,000

Drawings

173,000

Required:

(a)Compute the cost of goods manufactured for FHHA Sdn. Bhd.

(b)Prepare Statement of Profit and Loss for the year ended 31st December 2019.

(c)Prepare Statement of Financial Position as at 31st December 2019.

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