PART B Dahari Denim uses backflush costing to account for production costs of its clothing line. During August 2020, the firm produced 150,000 garments and sold 149,000. The standard cost for each garment is: Direct material RM 2.00 Conversion cost 4.00 Total cost 6.00 The firm had no inventory on 1 August 2020. The following events took place in August: Purchased RM302,000 of direct material Incurred RM608,000 of conversion costs Applied RM600,000 of conversion costs Finished 150,000 garments Sold 149,000 garments for RM10 each Required: Prepare journal entries using backflush costing for 3 trigger points (purchase, completion of finished goods, sale of finished goods) including the disposal of under-allocated or over- allocated conversion cost. (8 marks)