Numerical # 2 The records of Bell incorporation show following information as on April 31, 19B Direct Material used 440,000 Direct labor 290,000 Indirect labor 46,000 Light and power 9260 Depreciation 4.700 5.820 Repair to machinery Misc. factory overhead Work in process inventory, April 1, 19A 29,000 41,200 34,300 42,500 Finished goods inventory, April 1, 19A Work in process inventory, April 31, 19A Finished goods inventory, April 31,19A Requirement: Prepare cost of goods sold statement 31,500 O DELL (5 Marks) Question Number 2 A company is currently using aggressive approach of working capital management. At present, the company faces a lot of challenging in the management of current assets and it seems that aggressive approach does not match the company's profitability and risk. You have been hired as financial consultant by the company to deal with this issue. What steps you will take to counter this