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The following is the data extracted from the records of an industrial company during the month of January 2 0 2 1 : 1 7

The following is the data extracted from the records of an industrial company during the month of January 2021:
170,000 riyals raw materials purchases
Direct wage costs 65,000 riyals.
5,000 riyals shipping costs for purchased raw materials.
Indirect industrial costs amount to 40,000 riyals.
Marketing costs and administrative costs are 18,000 riyals and 16,000 riyals, respectively.
15,000 riyals returns on raw materials purchases.
In-process production inventory costs at the beginning and end of the month are 11,000 and 13,000 riyals, respectively.
Completed production inventory costs at the beginning of the month are 20,000 riyals.
The number of complete production units during the month is 6000 units.
The cost of raw materials inventory at the beginning and end of the month is 18,000 and 10,000 riyals, respectively.
The number of finished production inventory units at the beginning and end of the month is 5,000 and 8,000 units, respectively.
Unit selling price is 35 riyals.
Required:
1. Preparation during January 2021
a. List of costs of raw materials used in production
B. List of costs for finished production.
C. List of costs for production sold.
D.. income list.
2. Calculate the initial cost and conversion cost

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