Question 3 (20 Marks) The following information is extracted from the books of Massimo Berhad for the first quarter in 2020: RM Work-in-process inventory (January 1) Work-in-process inventory (March 31) Finished goods inventory (January 1) Finished goods inventory (March 31) Direct materials used 280,800 342,000 1,080,000 1,020,000 756,000 168,000 960,000 372,000 57,600 24,000 Indirect materials used Direct manufacturing labour Indirect manufacturing labour Property taxes on manufacturing plant building Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead 528,000 247,200 Plant utilities 270,000 184,800 610,800 60,000 General office expenses Marketing and distribution costs Required: b. Determine the conversion cost