QUESTION 1 (25 MARKS) The following information is taken from the December 31, 2019, adjusted trial balance and other records of FHHA Sdn. Bhd. RM Advertising expense 19.125 Depreciation expense-Office equipment 8,750 Depreciation expense-Selling equipment 10,000 Depreciation expense-Factory equipment 32,500 Factory supervision 122.500 Factory supplies used 15,750 Factory utilities 36,250 Inventories Raw materials, December 31, 2018 177,500 Raw materials, December 31". 2019 168,125 Goods in process, December 31, 2018 15,875 Goods in process, December 31, 2019 14,000 Finished goods, December 31, 2018 164,375 Finished goods, December 31", 2019 129,000 Direct labor 650.750 Indirect labor 60,000 Miscellaneous production cost 8.500 Office salaries expense 100.875 Raw materials purchases 872,500 Rent expense-Office space 21.125 Rent expense-Selling space 25,750 Rent expense-Factory building 79,750 Maintenance expense-Factory equipment 27.875 Sales 3.275,000 Sales salaries expense 286,250 Office equipment 250,000 Selling equipment 120,000 Factory equipment 310,000 Bank 17,000 Account Receivable 60,000 Account Payable 111,000 280,000 Drawings 173,000 Capital ACCTS2/0/June2020 Page 1 of 6 Required: (a) Compute the cost of goods manufactured for FHHA Sdn. Bhd. (10 marks) (CLOI:PLOI:C3) (b) Prepare Statement of Profit and Loss for the year ended 31" December 2019. (9 marks) (CLO2.PLOI:C3) (c) Prepare Statement of Financial Position as at 31" December 2019. (6 marks) (CLO2:PLO1:C3)