Qneston 1 Part A oaG Fabricator makes steel struictures used in the oil and gas industry. Jane Salazar, the controller of O&G Fabricator provides you with the following data for the accounting period ending 31 December 2016: Beginning raw materials inventory Beginning WIP inventory Beginning finished goods inventory Ending raw materials inventory Ending WIP inventory Ending finished goods inventory Sales revenue Purchases of raw materials Payments for direct labour costs Factory overhead charged to products Other expenses RM 15,000 32,000 8,200 13,500 25,000 10,300 400,000 86,000 134,500 67,250 95,000 Instructions: a) Prepare a schedule of cost of goods manufactured for the accounting period. (6 marks) b) Prepare an income statement for the accounting period