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FA T6 Q4.xlsx - (A) (C) VIVA Manufacturer Manufacturing...

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(A)(C)VIVA ManufacturerManufacturing account for the year ended 31 July 2018StatRM'000RM'000Direct materials400SalesDirect labour300Direct expenses100Less: CostPrime cost800OpenAdd:Factory overheadsIndirect material200LessIndirect labour150Gross ProIndirect expenses50400Add: FactProduction cost of completed goods1200Factory profit (1200 x 25%)300Transfer price of completed goods1500(B)Unrealised profit for opening inventories = RM 160000 / RM 1500000 x RM 300000= RM 32000Unrealised profit for closing inventories
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