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answer py apr 2018.xlsx - ABC SDN. BHD. Manufacturing...

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ABC SDN. BHD.Cost of raw materialRM'000RM'000Opening raw material inventory54000Purchase of raw material139500193500Less: Closing raw material-97875Cost of raw material consumed95625Direct labour177750Direct expenses11250189000Prime cost284625Add: Production / Factory Overhead (indirect expenses)Rent expenses84420Utilities39285Depreciation of factory buldings56250Depreciation of plant and machinery45000224955Total manufacturing cost509580Work in progressOpening work in progress31500Less: Closing work in progress inventories-54563Cost of finished good manufactured486517Add: Factory profit (WHOSALES-COFGM)97303.4Transfer price /Market value of finished goods produced583820.4Allowance for unrealised profit accountRM'000RM'000Bal c/d22669 Bal b/d18000Statement of Profit or Loss466922669Unrealised profit c/d=Closing finish goods inventory*Factory profitTransfer price=136012*97303/583820=22668.5890103=22669Manufacturing account for the year ended 31 December20X1
Sing Tel Sdn.BhdCost of raw materialRM'000RM'000Opening raw material inventory300Purchase of raw material3000Add: Carriage inwards / Import duties on RM
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Fall
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50, BHD

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