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  • Cost of Goods Manufactured Statement

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    nur athirah
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    The document provides cost information for Huan Trading for the year ended December 31, 2019. It includes details of direct materials, work in process, finished goods, direct labor costs, overhead costs, sales, and other expenses. The question requires preparing a statement of cost of goods manufactured for Huan Trading for the year ended December 31, 2019, which totals RM 703,700. The document also provides cost and sales information for Syarikat Sun Perkasa for 2020. It includes beginning and ending inventory amounts for direct materials, work in process and finished goods, direct material purchases and costs, manufacturing overhead costs, selling and administrative expenses, sales revenue, and other income statement accounts. The questions require preparing a statement

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    koleksi chapter 2 part2

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    The document provides cost information for Huan Trading for the year ended December 31, 2019. It includes details of direct materials, work in process, finished goods, direct labor costs, overhead costs, sales, and other expenses. The question requires preparing a statement of cost of goods manufactured for Huan Trading for the year ended December 31, 2019, which totals RM 703,700. The document also provides cost and sales information for Syarikat Sun Perkasa for 2020. It includes beginning and ending inventory amounts for direct materials, work in process and finished goods, direct material purchases and costs, manufacturing overhead costs, selling and administrative expenses, sales revenue, and other income statement accounts. The questions require preparing a statement

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    41 views3 pages

    Cost of Goods Manufactured Statement

    Uploaded by

    nur athirah
    The document provides cost information for Huan Trading for the year ended December 31, 2019. It includes details of direct materials, work in process, finished goods, direct labor costs, overhead costs, sales, and other expenses. The question requires preparing a statement of cost of goods manufactured for Huan Trading for the year ended December 31, 2019, which totals RM 703,700. The document also provides cost and sales information for Syarikat Sun Perkasa for 2020. It includes beginning and ending inventory amounts for direct materials, work in process and finished goods, direct material purchases and costs, manufacturing overhead costs, selling and administrative expenses, sales revenue, and other income statement accounts. The questions require preparing a statement

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    © All Rights Reserved
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    of 3

    Accounting Unit

    Additional exercise
    AA025 Sem 2 , 2020/2021

    PART 2

    QUESTION 6
    Huan Trading manufactures and markets electronic products. Below are the cost
    information of Huan Trading for the year ended December 31, 2019.
    Huan Trading mengilang dan memasarkan produk elektronik. Berikut adalah
    maklumat kos bagi Huan Trading bagi tahun berakhir 31 Disember 2019.
    RM
    Direct material as at January 1, 2019 25,000
    Bahan langsung pada 1 Januari 2019
    Direct material as at December 31, 2019 15,000
    Bahan langsung pada 31 Disember 2019
    Purchases of direct material 150,000
    Belian bahan langsung
    Work in process as at January 1, 2019 70,000
    Kerja dalam proses pada 1 Januari 2019
    Work in process as at December 31, 2019 40,000
    Kerja dalam proses pada 31 Disember
    2019
    Finished goods as at January 1, 2019 90,000
    Barang siap pada 1 Januari 2019
    Finished goods as at December 31, 2019 100,000
    Barang siap pada 31 Januari 2019
    Direct labour 300,000
    Buruh langsung
    Salary of factory supervisor 40,000
    Gaji penyelia kilang
    Sales 1,500,000
    Jualan
    Sales discount 80,000
    Diskaun jualan
    Sales commission 100,000
    Komisen jualan
    Freight in on purchases of direct material 13,000
    Angkutan masuk belian bahan langsung
    Indirect labour 75,000
    Buruh tak langsung
    Rent of factory equipment 20,000
    Sewa peralatan kilang
    Utilities (70% factory) 45,000
    Kadar bayaran (70% kilang)
    Salary of security guard (60% factory) 17,000
    Gaji pengawal keselamatan (60% kilang)
    Depreciation – factory machinery 24,000
    Susutnilai mesin kilang
    Administrative expenses 300,000
    Belanja pentadbiran

    Required :
    Prepare the Statement of Cost of Goods Manufactured for the year ended December
    31, 2019 .(RM 703,700).
    QUESTION 7

    Syarikat Sun Perkasa (SSP) is a high-tech light bulb manufacturing plant. Below are
    the cost and sales information that has been collected for 2020.

    Syarikat Sun Perkasa (SSP) adalah sebuah kilang mengeluarkan mentol lampu
    berteknologi tinggi. Di bawah ini adalah maklumat kos dan jualan yang telah
    dikumpulkan bagi tahun 2020.

    Item RM
    Beginning inventory direct materials 10,000
    Inventori awal bahan langsung
    Beginning inventory work in process 24,000
    Inventori awal kerja dalam proses
    Beginning inventory finished goods 100,000
    Inventori awal barang siap
    Purchase of direct materials 70,000
    Belian bahan langsung
    Freight in on direct materials 1,000
    Angkutan masuk atas bahan langsung
    Duti atas import atas bahan langsung 2,000
    Import duty on direct materials
    Gaji / salary :
    Factory supervisor/ Penyelia kilang 10,000
    Managing director/ Pengarah urusan 20,500
    Office staff/ Kakitangan pejabat 45,000
    Manufacturing director/ Pengurus pengeluaran 15,000
    Production director/Operator pengeluaran 30,000
    Overtime – production operator 5,000
    Kos kerja lebih masa operator pengeluaran
    Salesman commission 50,000
    Komisen jurujual
    Bahan tidak langsung 5,100
    Indirect labour
    Duti import atas bahan tidak langsung 500
    Import duty on indirect materials
    Rental : 30% factory ; 70% office 40,000
    Sewa : 30% kilang ; 70% pejabat
    Utility ; 60% factory ; 40% office 45,500
    Utiliti : 60% kilang ; 40% pejabat
    Insurance ; 75% factory ; 25% office 20,000
    Insurans : 75% kilang ; 25% pejabat
    Advertising 16,000
    Pengiklanan
    Depreciation – factory machine 35,000
    Susutnilai mesin kilang
    Freight out 800
    Angkutan keluar
    Sales 500,000
    Jualan
    Sales return 30,000
    Pulangan jualan
    Ending inventory direct materials 20,000
    Inventori akhir bahan langsung
    Ending inventory work in process 1,000
    Inventori akhir kerja dalam proses
    Ending inventory finished goods 120,000
    Inventori akhir barang siap

    Required :

    i. Prepare the Statement of Cost of Goods Manufactured for the year ended
    December 31, 2020.
    Sediakan Penyata kos barang dikilang bagi tahun berakhir 31 Disember
    2020.
    .
    ii. Prepare Income Statement for the year ended December 31, 2020.
    Sediakan Penyata Pendapatan bagi tahun berakhir 31 Disember 2020.

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