Manufacturing

	A	B	C	D
1	http://gg.gg/manufacturing
2	Question 4:pg 42
3	ABC BHD
4	Manufacturing
5	for the year ended 30 June 2010
6		RM	RM	RM
7	Cost of material consumed
8	Opening inventory			67,500
9	Purchases		774,000
10	Add:Carriage inwards		6,500	780,500
11				848,000
12	Less:Closing Inventory			(78,000)
13				770,000
14	Direct Labour
15	Manufacturing wages			318,000
16
17	Direct Expenses
18	Direct Factory Expenses			6,600
19				1,094,600
20	Work in progress
21	Opening inventory			45,000
22				1,139,600
23	Less:Clsoing inventory			(33,000)
24	Prime Cost			1,106,600
25
26	Factory Overhead
27	Repair to plant and machinery		34,000
28	power,light and heat		29,600
29	rental		52,500
30	insurance expenses		6,225
31	salaries and wages		148,500
32	depreciation of plant and machinery		108,000
33	indirect factory expenses		9,200	388,025
34	Production cost of finished goods			1,494,625
35	Add:manufacturing profit			149,463
36	Production cost of finished goods c/d,at transfer price			1,644,088
37
38
39	ABC BHD
40	Income Statement
41	for the year ended 30 June 2010
42		RM	RM	RM
43	Sales			2,124,000
44	Less:Return Inwards			(23,000)
45	Net Sales			2,101,000
46
47	Less:Cost of Sales
48	Opening Inventory		64,000
49	Production cost of finished goods b/d,at transfer price		1,644,088
50			1,708,088
51	Less:Closing inventory		(72,000)	1,636,088
52	Gross Profit
53	-trading profit			464,912
54	-manufacturing profit			149,463
55	total gross profit			614,375
56	Less:expenses
57	carriage outwards		9,800
58	general office expenses		23,000
59	bad debt		3,600
60	power,light and heat		7,400
61	rental		17,500
62	insurance expenses		2,075
63	salaries and wages		49,500
64	depreciation of office equipment		15,375
65	allowance for doubtful debt		2,600	130,850
66	Net profit			483,525
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