Perwira Holdings (PH) began business at the start of the current year and maintains its accounting records on an absorption-cost basis. The following selected information appeared on the company's profit or loss statement and end-of-year statement of financial position: Profit or Loss Data: RM Sales revenues (35,000 units @ RM22) 770,000 Gross Margin 210,000 Total sales and administrative expenses 160,000 Financial Position Data: Ending finished-goods inventory (12,000 units) 192,0000 There is no beginning finished-goods inventory. PH achieved its planned production level for the year. The company's fixed manufacturing overhead totaled RM141,000, and the firm paid a 10% commission based on gross sales (RM) to its sales force.