Question 1 (24 marks: 30 minutes) CDE Company manufactures the nutrient through two manufacturing processes: blending and packaging. All materials are entered at the beginning of each process. On June 1, 20X2, inventory includes: RM10,000 for raw materials, RM0 for work in process (mixed), RM7,890 for work in process (packaging), and RM15,000 for finished products. The beginning inventory of the packaging contains 500 units, two-fifths complete as to conversion costs and fully complete as to materials. In June, 9,000 units started production in blending, and the following transactions were completed. 1. Purchased RM50,000 of raw materials on account. 2. Issued raw materials for production: Blending RM37,860 and Packaging RM18,280. 3. Incurred labor costs of RM51,540. Blending RM30,640 and Packaging RM20,900. 4. Incurred RM73,000 of manufacturing overhead on account. 5. Applied manufacturing overhead at the rate of RM56 per machine hour. Machine hours were Blending 900 and Packaging 300. 6. Transferred 8,200 units from Blending to Packaging at a cost of RM89,880. 7. Transferred 8,600 units from Packaging to Finished Goods at a cost of RM134,980. 8. Sold goods costing RM124,000 for RM180,000 on account. Required: a) Journalize the June transactions mentioned above. (18 marks) b) Job-order costing may work for tax professionals and builders of custom furniture. Explain in detail two reasons why tracking the revenue and costs of each job is so important. (4 marks) c) What is the costing system recommended for soft drink manufacturers? Why? (2 marks)