I need help with this accounting question!!!!!!! Q7

Question 7 (a to c) Marks only 14 marks Always start your answer in column B...COLUMN A IS FOR INSTRUCTOR USE ONLY You may use space below the question to show calculations. The following information has been extracted from the records of ABC Company: Sales revenue Finished goods, January 1, 2016 Direct material, January 1, 2016 Income tax expenses Finished goods, December 31, 2016 Work-in-process, January 1, 2016 Direct material, December 31, 2016 Work-in-process, December 31, 2016 Purchase of direct material Direct labor Indirect manufacturing labor Selling and administrative expenses Amortization - Plant, property and equipment Other manufacturing overhead Indirect material $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ a) Required: Compute the cost of goods manufactured. (7 Marks) b) Compute the Cost of Goods Sold for the year. (2 Marks) c) Compute the net income after taxes for the year. (3 Marks) 855,000 18,000 36,000 81,000 45,000 36,000 22,500 27,000 162,000 180,000 13,500 135,000 54,000 72,000 9,000 Total - d) Compute prime cost. (1 Mark) e) Compute conversion cost. (1 Mark) E ONLY mpany