Question 3 Izzara enterprise manufactures jeans. It is the financial year-end for the business, and you have been contacted to prepare Izzara's year-end accounts. The bookkeeper provides you with the following extraction of Izzara's accounts. Items Depreciation - plant and machinery Depreciation-office building Opening inventories: Raw materials Work-in-progress Finished goods Purchase of raw materials Electricity and power Bookkeepers' salaries Production wages Indirect labour Rent and rates Repairs to plant Additional information: RM 60,000 25,000 42,000 28,000 46,000 516,000 42,000 34,000 118,000 26,000 42,000 18,000 1. Closing inventories at 31 December 2023. Raw materials Work-in-progress Finished goods RM 50,000 22,000 52,000 2. 75% of rent and rates and 80% of electricity and power relate to the factory. Required: a) Compute total prime cost. b) Calculate total manufacturing cost. c) Compute the cost of goods manufactured. (5 marks) (5 marks) (5 marks)