The management of Manufacturing Company is analyzing the operating results for 2015, for the purpose of assessing the operational efficiency and performance of factory supervisors. The company's accountant provides the following production information: Inventory of Ready Goods, 1/1/2015 Cash Account not yet received Accounts Payable Direct Labour Factory Depreciation Salary of the President Sales commission Sales revenue Raw Material Inventory, 1/1/2015 Purchase of Raw Materials Raw Material Inventory, 31/12/2015 Factory Utility Used Factory Supplies Work In Process Inventory, 1/1/2015 Inventory of Work In Process, 31/12/2015 Salary Spending Tax on Factory Insurance Expenses Inventory of Ready Goods, 31/12/2015 RM 120,000 140,000 90.000 40,500 300,000 5,000 50,000 12.000 930,000 4,000 167,500 8,000 20,000 6,000 12,000 10,000 36,000 3,000 5,000 105,000 Additional information: 1. 40% of the salary expenditure is for factory supervision and the rest is for office. 2. 50% of the insurance expenses are for offices and factories respectively. (a) Prepare a statement of goods at the factory for Manufacturing Company for the year ended 31 December 2015. (b) Prepare an income statement for Manufacturing Company for the year ended 31 December 2015. (c) With reference to question 3 (a), give a definition and calculate the following costs: i) Prime cost ii) Conversion cost