Question 4 a. Using the following information find the unknown amounts. Assume each set of information is an independent case. Include all relevant workings.

b. HM Sdn Bhd wants to classify costs for the product produced at its facility. The company produces only one product at the facility and operates continually. The cost categories used in the company include Product cost, Prime cost, Conversion cost.

The following costs are found in the ledger: a. Line quality control inspection wages b. Raw material purchases c. Sales commissions d. Factory depreciation e. Assembly wages

Required: Assign each of the above costs to the most appropriate cost categories listed below: i. Prime cost (6 marks) ii. Conversion cost (4 marks) Example: Product cost includes a, b, d, and e.

i. Merchandise Inventory Purchases Cost of goods sold Beginning balance Ending balance RM 420,000 446,000 82,000 ? (5 marks) ii. Direct Materials RM Beginning balance Ending balance Purchases Direct materials used 14,000 28,000 96,000 ? (5 marks) iii. Work-in-process Inventory Ending balance Cost of goods manufactured Beginning balance Current manufacturing costs RM 44,000 42,000 16,000 ? (5 marks) iv. Finished Goods Inventory Cost of goods manufactured Ending balance Cost of goods sold Beginning balance RM 124,000 40,000 122,000 ? (5 marks) ...4/