Question: based on this question 6. Inventory balances at the end of 31 December 2021 were as follows: a) Raw Materials Work in Process Finished Goods

based on this question
based on this question 6. Inventory balances at the end of 31
December 2021 were as follows: a) Raw Materials Work in Process Finished
Goods Required: RM3,700 RM4,070 RM10,445 Prepare the Statement of Cost of Goods

6. Inventory balances at the end of 31 December 2021 were as follows: a) Raw Materials Work in Process Finished Goods Required: RM3,700 RM4,070 RM10,445 Prepare the Statement of Cost of Goods Manufactured for the year ended 31 December 2021. b) Prepare the Statement of Profit or Loss for the year ended 31 December 2021. Inventory-1 January 2021: Raw Materiale Work in Process Finished Goods Raw materials purchases Freight in (new materials) Factory wages Factory repairs and maintenance Depreciation expense Production workers Supervisor Cleaners Sales retums Advertising expense Sating expenses Salanes: Salesman Office staff Manager Rent expense Bad debts expense Plant and factory machinery Office future Motor vehicles Usites expense Insurance expense Land Plant and factory machinery Office future Motor vehicles Accounts receivable Bark Capital 1 January 2021 Accounts payable 1. 3. Note Deb (RM) Cred (RM) 3,066 6,700 7,240 272,800 2.000 4. 1 2 3 4 5 245,150 21,600 12.200 3,770 30,450 12.000 6,000 8.520 3,500 11,220 201,200 115,775 108.000 80,000 8:30 12.000 4,000 150.000 230,000 51,300 235,000 05,800 55.000 1.900,000 Additional information: RM4,800 of the total amount is related to the manufacturing activities of the company. Raw Materials Work in Process Finished Goods 1,361,000 600,000 2. 60% of the manager's salary is considered to be related to administrative duties while the remaining is related to manufacturing activities. 45,000 1,990,000 75% of the rent expense is for factory use while the rest is for office use. 15% of the utilities expense is apportioned to administrative activities and the balance is for manufacturing activities. 5. 70% of insurance expenses are to be apportioned to the factory and the balance to the office. 6. Inventory balances at the end of 31 December 2021 were as follows: RM3,700 RM4,070 RM10,445 1. 2. 60% of the manager's salary is considered to be related to administrative duties while the remaining is related to manufacturing activities. 3. 4. RM4,800 of the total amount is related to the manufacturing activities of the company. 6. 75% of the rent expense is for factory use while the rest is for office use. 5. 70% of insurance expenses are to be apportioned to the factory and the balance to the office. a) 15% of the utilities expense is apportioned to administrative activities and the balance is for manufacturing activities. Inventory balances at the end of 31 December 2021 were as follows: Raw Materials Work in Process Finished Goods Required: RM3,700 RM4,070 RM10,445 Prepare the Statement of Cost of Goods Manufactured for the year ended 31 December 2021. b) Prepare the Statement of Profit or Loss for the year ended 31 December 2021

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