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Nabita Sdn Bhd(NSB) manufactures small camping tents. NSB produced 3,000 units during the year. These camping tents sell for RM150 each. NSB had 500 units
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Nabita Sdn Bhd(NSB) manufactures small camping tents. NSB produced 3,000 units during the year. These camping tents sell for RM150 each. NSB had 500 units in finished goods inventory at the beginning of the year. At the end of the year,there were 800 units in finished goods inventory. The following information was supplied by its accountant: Additional information: Only 70% of the utilities expense and 80% of the insurance expense apply to factory operations. The remaining amounts should be charged for selling and administrative activities. Required: a) Compute prime cost, manufacturing cost, and cost of goods manufactured. b) Compute the cost of goods sold
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