The final balances of the ledger account for Pintar Manufacturing as at 30 June 2020 are...

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The final balances of the ledger account for Pintar Manufacturing as at 30 June 2020 are as follows: Accounts Raw materials inventory Work in Process inventory Finished goods inventory Sales Sales return Sales discount Rent revenue Purchase of raw materials Direct labour Sales expense Administration and general expense Indirect labour Factory supplies Factory utility expense Machine depreciation expense Insurance expense of factory building Factory miscellaneous expense RM 15,000 11,250 13,500 292,500 8,250 3,000 30,000 112,500 33,750 22,500 66,000 RM7,500 RM225 RM750 RM8,250 RM750 RM5,775 Additional information: The physical inventory calculation on 30 June 2020 found that the raw material inventory was RM9,000, the finished goods inventory was RM45,000 and the work in process inventory was RM37,500. Required: Prepare for Pintar Manufacturing: a) Statement of Cost of Goods Sold for the year ended 30 June 2020. b) Statement of Comprehensive Income for the year ended 30 June 2020. c) Current Assets Section of Statement of Financial Position as at 30 June 2020. (8 Marks) (4 Marks) (3 Marks) The final balances of the ledger account for Pintar Manufacturing as at 30 June 2020 are as follows: Accounts Raw materials inventory Work in Process inventory Finished goods inventory Sales Sales return Sales discount Rent revenue Purchase of raw materials Direct labour Sales expense Administration and general expense Indirect labour Factory supplies Factory utility expense Machine depreciation expense Insurance expense of factory building Factory miscellaneous expense RM 15,000 11,250 13,500 292,500 8,250 3,000 30,000 112,500 33,750 22,500 66,000 RM7,500 RM225 RM750 RM8,250 RM750 RM5,775 Additional information: The physical inventory calculation on 30 June 2020 found that the raw material inventory was RM9,000, the finished goods inventory was RM45,000 and the work in process inventory was RM37,500. Required: Prepare for Pintar Manufacturing: a) Statement of Cost of Goods Sold for the year ended 30 June 2020. b) Statement of Comprehensive Income for the year ended 30 June 2020. c) Current Assets Section of Statement of Financial Position as at 30 June 2020. (8 Marks) (4 Marks) (3 Marks)

Answer rating: 100% (QA)

a Statement of Cost of Goods Sold for the year ended 30 June 2020 Beginning Raw Materials Inventory ... View the full answer