Question 3 The following figures were provided by the supervisors of AA Furniture (AAF) Sdn. Bhd. AAF produced 1,500 wood television stands in March. These stands are sold for RM300 each. AAF had 250 finished goods inventory at the beginning of March. At the end of March, there were 500 stands in the finished goods inventory. The following cost information relates to the months of March. Wood for furniture Machine lubricants (oil) Paints and varnishes Screws and nails Cleaning materials Factory electricity Insurance of factory machinery Royalties to Viva Bhd Depreciation of factory machinery Carpenters' wages Metal workers' wages Factory supervisors' salaries Factory cleaners' wages Required: a) Prepare AAF's statement for the cost of goods manufactured. b) Compute the average cost of producing one unit of the product. c) Calculate the total conversion cost. RM 50,000 200 3,200 600 200 600 700 1,000 1,500 40,000 13,000 25,000 2,000 (10 marks) (3 marks). (2 marks) [Total: 15 Marks]