[B] Home happiness Inc. manufactured 100,000 rugs and small carpets in 2019 and reported the following costs: Maintenance costs - plant 255,200 224,000 AED 384,000 3,179,000 Direct material used Indirect manufacturing labor AED, Depreciation - plant equipment Utilities in the production Direct manufacturing labor 32,000 Administration costs 780,000 2,076,000 9,700,000 Sales revenue Work-in-process, 1/1/2019 85,000 44,000 Work-in-process, 12/31/2019 Finished goods, 12/31/2019 Finished goods, 1/1/2019 242,000 280,000 Required: [1] What are new production costs? [2p] [2] What is cost of goods manufactured for 2019? [1p] [3] What is cost of goods sold for 2019? [1p] [4] Prepare Income statement emphasizing gross profit. Calculate gross margin percentage. What does the manager control with gross margin percentage? [4p) COGM= WIP bb + New Production Costs - WIP eb COGS = FG bb + COGM - FG eb