Question $2$

Hype Point Sdn Bhd $($HPSB$)$ produces flowerpots to be sold only in Malaysia. The production cost data are given as follows:

RM

Factory direct labor $84,000$

Advertising $33,000$

Factory supervision $24,000$

Factory property tax $2,500$

Sales $380,000$

Factory Insurance $2,500$

Depreciation of office equipment $3,200$

Hire special machine $($leasing$)5,600$

Factory indirect material $4,800$

Office supply $1,500$

Office salaries $38,000$

Purchase of raw material $12,000$

Raw Materials Inventory, Jan $116,000$

Work in process Inventory, Jan $112,000$

Raw Materials Inventory, Jan $3110,000$

Work in process Inventory, Jan $317,000$

Finished goods Inventory, Jan $12,100$

Finished goods Inventory, Jan $31800$

Required:

a$)$ Calculate the total prime cost

b$)$ Calculate the total manufacturing overhead cost

c$)$ Calculate the cost of goods manufactured.

d$)$ Calculate the cost of goods sold.