KC Company manufactures boats. During December, 2019, the company purchased 100 cellular phones at a cost of RM110 each. KC withdrew 70 phones from the warehouse during the month. 20 of these phones were installed in salespersons cars and the remaining 50 phones were put in boats manufactured during the month.

Part B KC Company manufactures boats. During December, 2019, the company purchased 100 cellular phones at a cost of RM110 each. KC withdrew 70 phones from the warehouse during the month. 20 of these phones were installed in salespersons' cars and the remaining 50 phones were put in boats manufactured during the month. Of the boats put into production during December, 2019, 80% were completed and transferred to the company's storage lot. 50% of the boats completed during the month were sold by 31 December 2019. Instruction: Determine the cost of cellular phones that would appear in each of the following accounts as at 31 December 2019: 1. Raw materials inventory 2. Work in process inventory 3. Cost of goods sold 4. Selling expenses (10 marks)