Question 1 1-Various cost and sales data for Dorilane Company for the just completed year appear in the work sheet below: (11 marks) Required: 1. Calculate cost of goods manufactured. (4 marks) 2. Calculate the cost of goods sold. (3 marks) 3. Compute the net income for the given year. (4 marks) Question 4 Presented below is a list of costs and expenses usually incurred by Iguana Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, (c) manufacturing overhead, and (d) marketing \& selling cost.( 5marks) 1. Insurance on factory machines. 2. Wages paid to assembly line workers. 3. Gloves and helmets used by workers. 4. Salaries for the night security guards for the factory building. 5. Sales commissions paid to sales man