5.4. The following information is selected from the accounting records of Walmer Company: Particulars January 1, 2017 December 31, 2017 Direct materials 35,000 38,000 Work-in-process 42,000 28,000 Finished goods 32,000 27,000 Direct materials purchased during the year 1,20,000 Direct labour for the year 96,000 Direct labour rate per hour 12 Manufacturing overhead rate per direct labour hour 10