QUIZ TOPIC 3 : MANUFACTURING COST

 

QUIZ AA025 ACCOUNTING 2

TOPIC 3 : MANUFACTURING COST

QUESTION

Comfort Sdn Bhd (CSB) is a footwear manufacturer. Below is the accounting information for 2022:

Comfort Sdn Bhd (CSB) adalah kilang pengeluar kasut.  Berikut adalah maklumat perakaunan sepanjang tahun 2022:
 

Item	(RM)
Inventories on January 1, 2022: / Inventori pada 1 Januari 2022:    Direct material / Bahan langsung    Work in progress / Kerja dalam proses    Finished goods / Barang siap	6,700 3,590 8,500
Purchase of direct materials Belian bahan langsung	11,250
Import duty of direct materials Duti import bahan langsung	1,100
Direct labor wages Upah buruh langsung	6,700
Friegh out Angkutan keluar	1,230
Depreciation expenses - factory machines Belanja susutnilai mesin kilang	4,988
Depreciation expenses – factory equipment Belanja susut nilai peralatan kilang	2,295
Utility expenses (70% factory) Belanja utiliti (70% kilang)	2,490
Rental expenses (60% factory) Belanja sewa (60% kilang)	8,800
General administration expenses Belanja am pentadbiran	2,100
Administrative manager salary Gaji pengurus pentadbiran	5,000
Inventories on December 31, 2022: Inventori pada 31 Disember 2022:    Direct material / Bahan langsung    Work in progress / Kerja dalam proses    Finished goods / Barang siap	8,440 3,780 9,400

 

Required:
Prepare a cost of goods manufactured statement for the year ended 31 December 2022.
Sediakan penyata kos barang dikilang bagi tahun berakhir 31 Disember 2022.

(13 marks)

 
 

ANSWER