al Exa QUESTION I-A. 12 A fire on the premises of Bydo Inc. destroyed most of its records. Below is an incomplete set of data for operations in 2020: Raw materials, beginning inventory $13,000 1510 n0. Purchases 13,000 Direct materials used 20,000 9912 19vo'Onoids Direct labour X Factory overhead Work in process, beginning inventory Work in process, ending inventory Finished goods, beginning inventory Cost of goods sold Gross profit Operating income (loss) 1A 25,000 a8M2 8,000 8,000 7,000 UAIOA 6,000 55,000 9,000 (4,000) 2tervia ideid2)TTE Instructions: Prepare in good formats a. A cost of goods manufactured schedule (Assume all raw materials used were direct materials.) for 2020 year. (7 marks) b. Prepare an income statement through operating income (loss) for 2020 year. (5 marks) WO la do QUESTION I-B. 12 Cutter Barber Shop. He employs five barbers and pays each a base salary of