QUESTION 1) At the end of 2020, Wuhan Manufacturing Company reported the following accounts and their balances (all amounts in USD): Sales Revenue 3,095,790 Finished goods inventory, 1.1.2020 198,700 Direct materials inventory, 1.1.2020 36,000 15,000 2,500 Indirect materials inventory, 1.1.2020 Depreciation Expense (Headquarters) Direct Labor Property Taxes (Headquarters) Salaries Expense (Selling&Marketing) Direct materials inventory, 31.12.2020 65,800 42,000 14,800 460,100 98,700 87,520 Salaries Expense (General Administrative) Selling Expense Work-In-Process inventory, 31.12.2020 Utilities Expense (Factory) Purchases of indirect materials Work-In-Process inventory, 1.1.2020 Purchases of direct materials 12,650 224,500 74,200 124,500 545,900 38,970 Indirect Labor Finished goods inventory, 31.12.2020 87,000 98,700 1,500 Rent Expense (Factory) Rent Expense (Headquarters) Property Taxes (Factory) 41,150 Utilities Expense (Headquarters) Indirect materials inventory, 31.12.2020 Insurance Expense (Factory) Depreciation Expense (Factory) Insurance Expense (Headquarters) 150,000 85,000 74,500 35,000 14,500 QUESTION 3) The main functions of cost accounting are; UNIT COST CALCULATION; COST ESTIMATION; PLANNING; CONTROLLING; PROVIDING INFORMATION FOR DECISION MAKING. By mentioning all of these functions, briefly explain with your own words (that means DO NOT copy paste from somewhere) the importance of cost accounting for business entities and its role in decision making. Your answer should be between 200 to 500 words