Numerous items are missing from each of the following statement of the comprehensive income and cost...

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Numerous items are missing from each of the following statement of the comprehensive income and cost of goods manufactured statement data for the month of December 2014: Ali Sdn Bhd Sedra Sdn Bhd Materials inventory, 1 December Materials inventory, 31 December Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, 1 December Work in process inventory, 31 December Cost of goods manufactured Finished goods inventory, 1 December Finished goods inventory, 31 December Sales Cost of goods sold Gross profit Operating expenses Net income REQUIRED: (b) (c) RM 185,000 ? 170,000 155,000 220,000 75,000 ? $75,000 125,000 125,000 ? 110,000 115,000 695,000 ? ? 100,000 ? Determine the amounts of the missing items for each company. RM 120,000 130,000 240,000 ? ? 70,000 450,000 $55,000 105,000 ? 455,000 75,000 ? 750,000 330,000 ? ? 340,000 Prepare the Statement of Cost of Goods Manufactured for Sedra Sdn Bhd. (6 Marks) (6 Marks) Give THREE (3) differences between managerial and financial accounting. Numerous items are missing from each of the following statement of the comprehensive income and cost of goods manufactured statement data for the month of December 2014: Ali Sdn Bhd Sedra Sdn Bhd Materials inventory, 1 December Materials inventory, 31 December Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, 1 December Work in process inventory, 31 December Cost of goods manufactured Finished goods inventory, 1 December Finished goods inventory, 31 December Sales Cost of goods sold Gross profit Operating expenses Net income REQUIRED: (b) (c) RM 185,000 ? 170,000 155,000 220,000 75,000 ? $75,000 125,000 125,000 ? 110,000 115,000 695,000 ? ? 100,000 ? Determine the amounts of the missing items for each company. RM 120,000 130,000 240,000 ? ? 70,000 450,000 $55,000 105,000 ? 455,000 75,000 ? 750,000 330,000 ? ? 340,000 Prepare the Statement of Cost of Goods Manufactured for Sedra Sdn Bhd. (6 Marks) (6 Marks) Give THREE (3) differences between managerial and financial accounting.

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a Material Inventory December 1 Material Inventory December 31 Material purchased Cost of material u... View the full answer