Tokyo Manji Gang (TMG) Berhad manufactures biker jackets. An analysis of the accounts reveals the following...

 

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Tokyo Manji Gang (TMG) Berhad manufactures biker jackets. An analysis of the accounts reveals the following costs and expenses data for April 2023: a) Depreciation on industrial sewing machines Depreciation on delivery bike b) Rent Utilities Salaries for production line workers Director's salary Factory manager's salary Raw material purchases Additional information: 1. Finished goods inventory was RM7,140 on 1 April and RM1,700 on 30 April. 2. Work-in-process inventory was RM5,000 at the end of April. 3. Raw materials inventory was stocked at RM2,500 on 30 April. 4. Only 60% of the rent expense and utilities expense apply to manufacturing operations. The remaining amounts are charged for selling and administrative activities. 5. Sales for April 2023 totalled RM78,800. Required: Determine the: RM 6,000 4,000 14,000 6,000 10.500 Prepare a Cost of Goods Manufacture Schedule for April 2023. (i) (ii) (iii) gross profit for April 2023. cost of goods available for sale, cost of goods sold, and 12,000 8,000 5,000 (14 marks) Tokyo Manji Gang (TMG) Berhad manufactures biker jackets. An analysis of the accounts reveals the following costs and expenses data for April 2023: a) Depreciation on industrial sewing machines Depreciation on delivery bike b) Rent Utilities Salaries for production line workers Director's salary Factory manager's salary Raw material purchases Additional information: 1. Finished goods inventory was RM7,140 on 1 April and RM1,700 on 30 April. 2. Work-in-process inventory was RM5,000 at the end of April. 3. Raw materials inventory was stocked at RM2,500 on 30 April. 4. Only 60% of the rent expense and utilities expense apply to manufacturing operations. The remaining amounts are charged for selling and administrative activities. 5. Sales for April 2023 totalled RM78,800. Required: Determine the: RM 6,000 4,000 14,000 6,000 10.500 Prepare a Cost of Goods Manufacture Schedule for April 2023. (i) (ii) (iii) gross profit for April 2023. cost of goods available for sale, cost of goods sold, and 12,000 8,000 5,000 (14 marks)

Answer rating: 100% (QA)

a Cost of Goods Manufactured Schedule for April 2023 Account RM Direct Materials 5000 D... View the full answer