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QUESTION 2 (15 MARKS: 27 MINUTES) Palma Putih Bhd began operations in 2020 by selling a single product. Data on purchases for the year are as follows: Purchases Date 18 April 9.May 13 June 2 10 July 16 August 14 October 12 November e 9 December Units Purchased 2,300 2,500 2,600 2,300 1,700 800 500 500 Unit Cost (RM) 13.00 14.00 14.20 15.00 15.25 15.50 15.75e 17.00 Total Cost (RM) 29,900 35,000 36,920 34,500 25,925e 12,400 7,875 8,500 On 5 January 2021, the president of the company, Mr. Haikal, reported 5,000 units physical inventory from stock count that was taken on 31 December 2020. Other financial information for Palma Putih Bhd for the year ended 31 December 2020 are as follows: Detail Information Total sales Sales discount and allowance Salaries and wages expenses Distribution costs Administrative costs Finance costs Other expenses Taxatione RM 362,500 12,000 48,000 22,000 39,000 3,000 3,500 36,000 REQUIRED: 1 .. . 1 II (b) Determine the net profit for the year under ended 2020.- (8 Marks) Therefore