ACCT 5293 Assignment You are assisting the Controller of Kaur Corporation in the completion of year and financial statements Kaur manufactures customized wooden boxes at its Sydney location. You obtained the following account balances for Kaur Corporation for the year ended December 31, 2021 Insurance Sales Commissions Labout Purchases of Direct Materials Repairs and Maintenance-Plant Rent Office Facilities $24,000 50.000 440,000 110,000 12.700 54,000 Depreciation-Factory Equipment 28.000 Depreciation-Office 9.000 Property Taxes 40,000 I Indirect Materials 8,000 General Office Supplies (billing) 5,000 General and Administration Costs 14,000 Utities 82,000 Marketing Costs 35,000 Sales 999.000 Inventory balances for the year were as follows: Beginning Ending Direct Materials Work in Process Finished Goods 34,000 31,000 14,000 16,000 81,000 80,000 Assume that 50% of the labour cost was Direct Labour, 5% Indirect labour, the remaining 45% was administrative. Assume that 75% of the utilities cost, 70% of the insurance and 90% of the property taxes related to the plant Required 1. Prepare a schedule of cost of goods manufactured for Kaur Corporation 2. Prepare an income statement for Kaur Corporation 3. Assuming Kaur manufactured 20,000 boxes during 2021, What would be the manufacturing cost of each box