Account Sem 2 for Tarc

Topics: Inventory, Cost of goods sold, FIFO and LIFO accounting Pages: 7 (1931 words) Published: June 5, 2013
Table of Contents
Declaration of plagiarism statement-----------------------------------------------| Pg 3| Marking scheme----------------------------------------------------------------------| Pg 4| Introduction---------------------------------------------------------------------------| Pg 5| Contents * Section 1---------------------------------------------------------------------| Pg 6| * Section 2---------------------------------------------------------------------| Pg 7| * Section 3---------------------------------------------------------------------| Pg8| * Section 4---------------------------------------------------------------------| Pg 10| Conclusion ---------------------------------------------------------------------------| Pg 11| Appendix------------------------------------------------------------------------------| Pg12| References-----------------------------------------------------------------------------| Pg15|

In this assignment, all about the types of inventories that consists of raw materials, work-in-progress, and finish goods. Besides that, is the process of manufacturing the goods, valuation of inventory such as using FIFO or WAC and lastly is the amount of opening and closing inventories. In addition, Apollo Food Holdings Bhd. (APOLLO) was incorporated on 5th March 1994 as a private limited company under the name Apollo Food Holdings Bhd. It subsequently converted into a public company on 8th September 1994. This company continuous effort to produce quality products and excellent service has been recognized by the presentation of an Arch of Europe for Quality and Technology, in Platinum Category award administered by Business Initiative Directions (B.I.D.) and endorsed by QC 100 Total Quality Management Model, in June 2011. Apollo Food Holdings Bhd. is a Malaysia-based company engaged in investment holding and provision of management services. Its wholly owned subsidiaries are Apollo Food Holdings Bhd., which is engaged in manufacturing and trading in compound chocolates and chocolate confectionery products and cakes, and Hap Huat Food Industries Sdn. Bhd., which is engaged in the distribution and marketing of compound chocolates and chocolate confectionery products and cakes. The Company markets its products in Malaysia and in other Asian countries. Apollo Food Holdings Bhd. located at 70, Jalan Langkasuka, Larkin Industrial Area, Johor Bahru, 80350 Malaysia. The executive chairman of the board, managing director is Chiang Heng Liang.

Section 1 : Types of Inventories
Apollo Food Holdings Bhd. had a lot type of products; The Company which is manufacturing compound chocolate confectionery products and layer cakes based in Malaysia. One of the most famous products is layer cakes.

Raw Material
Sugar, Hydrogenated Palm Kernel Fat, Wheat Flour, Eggs, Full Cream Milk Powder, Cocoa Powder, Glucose Syrup, Emulsifier (Distilled Monoglycerides E471, Polyglycerol Ester E475,), Sorbitol Powder, Salt, Artificial Flavour (Chocolate, Vanillin), Baking Powder, Calcium Propionate, Potassium Sorbate, Citric, Acid.

Work In Progress
First of all, mix the corn flour and superfine cake flour together and sift twice and combine the eggs and sugar. After do all the step then can bake for 15 minutes at 190˚C Lastly, coat the Apollo layer cakes with chocolate and allow cooling on wax paper then pack it. Finished Goods

Finished goods are the final good that company produce and sell to customers or supplier. For example Apollo had produce layer cake, chocolate wafer, Swiss roll, chocolate layer cake.

Section 2 : Process of manufacturing the goods
Apollo chocolate layer cake consists of two rectangular sponge cakes sandwiched together with butter cream. The coat of chocolate always is the prime flavour of society, no matter within children or adults. It is the most popular products in Apollo Food Holdings Bhd. To maintain the good tastes and popularity...

References: * Text book
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Account Essay
  • Account Assignment 2 Essay
  • Essay on 343JournalTransformationsJournalGeometry Sem 2 S2667506Brian GalvanPoints possible20Date
  • ACCOUNT Essay
  • Essay about Chap 2 E14 JE T Accounts
  • Essay about account
  • Essay about Mms Sem 2
  • SMU SEM 2 Essay

Become a StudyMode Member

Sign Up - It's Free