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Question 1 The following balances have been extracted from the books of Leena Book Store...

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Accounting

image Question 1 The following balances have been extracted from the books of Leena Book Store as at 31 August 2022: ine ionowing iniormation is aise reievani at 91 Augusi UL : i. Closing stocks are: Raw materials RM15 800 Work in progress RM20 100 Finished goods RM36 400 ii. The following amounts remain outstanding/Accrued Rent and rates RM500 Heat and light RM220 Production wages RM2 600 iii. RM100 insurance has been prepaid iv. 3/4 of insurance relates to the factory and remainder to the office. v. 2/3 of heat and light relates to the factory and the remainder to the office. vi. Eighty per cent of rent and rates relates to the factory and the remainder to the office. vii. The provision for doubtful debts to be reduced to RM1,010 viii. Depreciation on Factory equipment at 40% on cost You are required to prepare: a) Statement of cost of goods manufactured for the year ended 31 August 2022. b) Statement of Profit and Loss for the year ended 31 August 2022

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