(C) Cost of goods manufactured and cost of goods sold of one of its existing products for the year 2020: METC has been able to gather following information and supply about one of its products: Information Beginning of the year Ending of the year Inventories Raw Materials 58,000 64,000 Work - in-progress 88,000 74.000 Finished Goods 38,000 48.000 Other information (For the year 2020) Purchases of materials 154,000 Direct Labour 174,000 Manufacturing Overhead 90.000 Sales Revenue 512.000 (5) Calculate the cost of goods manufactured, cost of goods sold and Gross Profit for the existing product of METC (based on information given above in C above) (10 marks)