PART A: ANSWER ALL QUESTIONS-40 MARK QUESTION ONE (18 MARKS) Compulsory The following costs and inventory data were taken from the accounts of Simon Company for 2018 Raw materials January.1.2018 December.11.2018 Work in process $7,000 $7,000 15,000 Finished goods 13,000 16,000 11,000 Raw materials purchase $98,000 Direct labour 42,000 7,000 Factory rent 10,000 Factory utilities Indirect materials 6,000 9,000 17,000 Indirect labour Operating expenses Instructions a. Compute the amount of direct materials used in production during the year b. Compute the amount of manufacturing overhead incurred during the year c. Calculate the Cost of Goods Manufactured for Simon Company for the year ended December 31, 2018 d. Calculate Cost of Goods Sold of the Income Statement for Simon Company for the year ended December 31, 201 he whole statement of cost of good manufactured as one statement (o a band her that's 1200) ET