Question 1 Bin-Ben Sdn Bhd produces ice-cream. The following information is provided by the company for 2018. RM Sales Sales commission 1,200,000 30,000 Raw materials Purchased 400,000 Wages 220,000 Depreciation on factory plant 35,000 Maintenance fee on factory plant 10,000 Utilities for factory 12,000 Utilities for executive building 5,000 Factory equipment rental 22,000 Factory supervisors salaries 20,000 Depreciation on executive building 10,000 Administrative staff salaries 50,000 WIP (opening) 48,000 WIP (closing) 40,000 Finished goods (opening) 15,000 Finished goods (closing) 22,000 Required: a) Prepare the cost of goods manufactured statement for 2018. (4 marks) b) Prepare the cost of goods sold statement for 2018. (2 marks) c) Prepare an income statement for 2018. (4 marks) [Total: 10 marks]