CONFIDENTIAL BPA 11403 Q2 (a) Milky Fresh Company is a company that produces fresh and pure dairy products such as milk and yogurt. During the year 2019, the factory purchased RM559,550 of direct materials. The factory's direct labor costs for the year were RM120,995 (15,550 hours at RM10.50 per hour) and its indirect labor costs totaled RM156,750 (25,380 hours at RM7.25 per hour). Account balances for the year 2019 were as in Table Q2(a). Table Q2(a): Account Balances of Milky Fresh Company in December 2019 Items Plant Supervision Factory Insurance Factory Utilities Depreciation, Factory Building RM 53,750 9,500 30,120 56,300 Depreciation, Factory Equipment Factory Security 65,900 10,560 Factory Repair and Maintenance 66,300 Selling and Administrative Expenses (10% of cost is factory 86,980 expenses) Inventory: Work in process as at January 1, 2019 Raw materials as at January 1, 2019 Finished goods as at January 1, 2019 Work in process as at December 31, 2019 Raw materials as at December 31, 2019 Finished goods as at December 31, 2019 27,930 120,520 158,310 34,210 99,450 131,110 Prepare: (i) The Statement of Cost of Materials used for the year ended December 31, 2019. (2 marks) (ii) The Statement of Total Manufacturing Costs in Production for the year ended December 31, 2019. (7 marks) (iii) The Statement of Total Cost of Goods Manufactured for the year ended December 31, 2019. (2 marks)