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Question 3 A. Bonika Sdn Bhd (BSB) manufactures small camping tents. BSB produced...

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Accounting

Question 3
A. Bonika Sdn Bhd (BSB) manufactures small camping tents. BSB produced 3,000 units during the
year. These camping tents sell for RM150 each. BSB had 500 units in finished goods
inventory at the beginning of the
year.At the end of the year,there were 800 units in finished
goods inventory. The following information was supplied by its accountant:
Additional information:
Only 70% of the utilities expense and 80% of the insurance expense apply to factory operations. The
remaining amounts should be charged to selling and administrative activities.
Required:
a) Compute prime cost, manufacturing cost and cost of goods manufactured.
b) Compute cost of goods
sold.
c) Prepare an income
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