QUESTION 1 (25 MARKS) TamuGold produces variety of furniture. One of the products is a bedroom set. The selling price of the bedroom is RM8,000. The data relating to the operations for the 2020 are as follows: Units in beginning inventory Units produced Units sold Units in ending inventory 125 1,275 1,300 100 Variable costs per unit: Direct materials Direct labor RM900 RM1,000 Variable manufacturing overhead RM400 Variable selling and administrative RM150 Total variable cost per unit RM2,450 Fixed Costs: Fixed manufacturing overhead RM255,000 Fixed selling and administrative RM475,000 RM730,000 Total fixed costs The beginning inventory of the bedroom set had the same unit cost as produced during the year.