hi, help me complete question 1.

Diamond Products (Pty) Ltd is an entity that manufactures cleaning materials and other chemical supplies. Diamond Products (Pty) Ltd is not a registered VAT vendor. The entity uses a perpetual inventory system and value their inventories using the weighted average method for work in progress and raw materials and the first-in-first-out method for finished goods The following information is provided to you to assist with the preparation of financial statements for the year ending 28 February 2021: Work in Progress - 1 March 2020 Finished Goods - 1 March 2020 Raw materials issued Consumable stores on hand - 1 March 2020 Consumable stores on hand - 28 February 2021 Rental of storage space for finished goods Settlement discount on sales Wages of cleaning and security staff at the plant Other factory overheads Advertising expense Direct labour Sales Interest expense Other selling and admin expenses Administrative expenses Freight on sales 177,000 168,000 526,000 38,000 33,200 64,200 42,000 401,000 879,700 39,100 2,590,000 7,850,000 47,000 1,862,000 27,500 26,000 1. Inventories at the end of the year were as follows: 1. Raw materials - R63 200 . Work in progress - R192 000 Finished goods - R149 700 2. Consumable stores relates to the administrative department only. MARKS REQUIRED Sub- Total total 10 (a) Prepare the statement of profit or loss and other comprehensive income of Diamond Products Manufacturers (Pty) Ltd for the year ending 28 February 2021. Your answer must comply to IAS 1 and the function method must be applied. Communications skills and layout (b) Prepare the inventory note relating to the statement of financial position as well as the accounting policy note to Inventory for the year ending 28 February 2021 1 11 4.5 Communications skills and layout 0,56 0.5