Financial & Managerial Accounting.

The following cost and inventory data are taken from the accounting records of Apex Company for the year just completed: Costs incurred Tk. Sales 950.000 Selling and administrative salaries 115,000 Insurance, (factory 80% and 10% office) 10,000 Heat, water, and power (factory) 45,000 Purchase return 12,000 Idle time wages 10,000 Overtime premium 15.000 Lubricants, factory machine 5,000 Purchase of raw materials 290.000 Indirect labor 60,000 Quality control cost 10,000 Freight on material purchased 5,000 Depreciation, (factory cquipment 70% and remaining for 30,000 office equipment) Rent of finished goods warehouse 30,000 Salary of factory supervisor 20,000 Sales discount 13,000 Transportation out 15,000 Direct labor 105,000 Advertising expense 80,000 Fringe benefits of assembly-line workers 20,000 Cleaning supplies, factory ? Sales commissions 50,000 Rent, factory building 15,000 Rent, office 70,000 Maintenance, factory 30,000 Tax rate 30% The total manufacturing costs for the year were TK. 760,000; the goods available for sale totaled TK. 820,000; and the cost of goods sold totaled 785,000. Inventories End of the year Beginning of the vear 45,000 Raw materials Work in process Finished goods 15.000 25.000 ? 55,000 Question: a) Prepare a schedule of cost of goods sold of the company for the year