Question: PLEAE HELP ME .. PLEASE HELP ME .. PLEASE HELP .. Question 2 Raihana Manufacturer Sdn. Bhd, a local business involved in the manufacturing of

PLEAE HELP ME .. PLEASE HELP ME .. PLEASE HELP ..

PLEAE HELP ME .. PLEASE HELP ME .. PLEASE HELP .. Question

2 Raihana Manufacturer Sdn. Bhd, a local business involved in the manufacturing

Question 2 Raihana Manufacturer Sdn. Bhd, a local business involved in the manufacturing of waffles, has the following balances on 31 March 2021. RM 35,000 28,000 54,000 245,000 20,000 18,900 Name of Account Inventories on 1 April 2020 Raw Materials Work In Progress Raw Materials Factory Wages Factory Overhead Finished Goods Inventories on 31 March 2021 Raw Materials Work In Progress: Raw Materials Factory Wages Factory Overhead Finished Goods Depreciation of Machineries Oils and Lubricants Machinery's Repair and Maintenance Factory Wages Sales Return Salesmen's Commissions Management Salaries Administrative Expenses Rental General Expense Land and Building Machineries (Book Value) Purchase of Raw Materials Drawing Mortgage on Land and Building Account Receivables Account Payables Bank & Cash Sales Capital, 1 April 2020 22,400 48,000 264.000 17,000 83,450 7,540 23,230 180,600 36,500 188,600 235,000 22,800 360,000 30,000 803,530 245,800 985,500 3,400 480,000 44,750 53,200 125,800 2,725,300 500,000 On 31" March 2021, the following estimates were made: a) 40% of the rental is for factory use while the rest is for office use. b) 30% of the management salaries is considered to be related to administrative duties while the rest is connected with the manufacturing activities. c) 1/2 of general expenses account is related to office purposes while the rest is for manufacturing Required: [Dikehendaki:1 i. Prepare a Statement of Cost of Production for the year ended 31 March 2021. ii. Prepare a Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 March 2021. iii. Prepare a Statement of Financial Position as at 31 March 2021. (20 Marks / Markah)

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