Amaya Fantasia Enterprise (AFE) produced 1,500 television stands in August. These stands are sold for RM300 each. AFE had 250 finished goods inventories at the beginning of August. At the end of August, there were 500 stands in the finished goods inventories. The following cost information relates to the month of August:

	RM
Purchases of raw materials	120,000
Beginning materials inventory	17,500
Ending materials inventory	25,000
Direct labour	75,000
Indirect labour	15,000
Royalty expenses	5,000
Factory rent	15,500
Depreciation of machinery	22,500
Factory utilities	4,500
Factory supervision	33,700
Sales commission	67,500
Administrative expenses	15,000
Beginning work in process inventory	4,000
Ending work in process inventory	5,500
Beginning finished goods inventory	30,000
Ending finished goods inventory	42,500

From the above information, you are required to answer the below questions.

1. Prepare AFEs Statement for Cost of Goods Manufactured for the month of August.

(7 marks)

2. Prepare AFEs Statement of Profit or Loss for the month of August.

(8 marks)