EUROPEIA company produces and markets the product A, using a production process with the following characteristics: The raw material MI is converted in section I and the intermediate product Al is obtained. The material M2 is added to this intermediate product Al and both are converted in section II. Then the product A is obtained and stored in the finished products warehouse. Regarding March of the year N, the following data are known: a) Costs (in euros) and activity of the sections Direct costs Activity b) Stocks variation bl) Raw materials SI 15 000 4 000 Lh Opening stocks Purchase Closing stocks Section III worked 460 Lh for section I, and 340 Lh for section II. The costs of section IV are allocated to the other manufacturing sections according to the respective direct costs; SII 10 000 3 200 Mh RM MI SIII 4 000 800 Lh 120 tons at 52 /ton 900 tons at 50 /ton 180 tons SIV 5 800 RM M2 700 tons at 25 /ton 100 tons Purchase Closing stocks b2) Products Opening stocks Production Sales Consumption Closing stocks 900 tons at 50 /ton 180 tons Intermediate product Al 40 Units at 105 /Unit 600 Units ? 40 Units 700 tons at 25 /ton 100 tons 1. Prepare the table of conversion costs; 2. Prepare the table of production costs; 3. Present the profit and loss statement per functions. Product A 100 Units at 164 /Unit 600 Units. 560 Units at 240 /Unit 140 Units c) Monthly selling (distribution) expenses Variable: 2.5% on the sales value of A Fixed: 15 000 EUROPEIA company uses FIFO as a valuation criterion for the stock outputs. Required (you can use as supporting tables, the file Excel - Part III): I