1. The following costs and inventory data were taken from the accounts of Pius Company for 2019: January 1, 2019 December 31, 2019 Inventories: Raw materials $8,000 $ 7,000 Work in process 15,000 13,000 Finished goods 16,000 12,000 Costs incurred: Raw materials purchases $88,000 Direct labour 42,000 Factory rent 8,000 Factory utilities 2,000 Indirect materials (inventoried separately from other materials) 4,000 Indirect labour 6,000 Selling expenses 5,000 Administrative expenses 12,000 Required (10 marks): a. Prepare a schedule showing the direct materials used in production during the year. (2 marks) b. Calculate the amount of manufacturing overhead incurred during the year. (2 marks) C. Prepare a schedule of Cost of Goods Manufactured for Pius Company for the year ended December 31, 2019 in good form. (4 marks) You may omit headings. d. Prepare the Cost of Goods Sold section of the Income Statement for Pius Company for the year ended December 31, 2018 in good form. (2 marks) You may omit headings