Question 1: Job rder Costing (12 marks} The information below has been taken from the cost records of the Bean Counters Company for 2112]: Raw materials used in production 31,4111] Total manufacturing costs 3.111111 Applied factory overhead 3,3111] Selling d: Administrative expense 2,1511I Inventories: Raw materials, January 1 4311 Raw materials, December 31 5211 Work in process1 January 1 T311 Work in process, December 31 6511 Finished goods, January 1 43o Finished goods, December 31 4611 Required1show your calculation}: a. Compute the cost of raw materials purchased during 21121{2 marks]. b. The companyr applies manufacturing overhead to products on the basis of the number of direct labour hours. It estimated 1,1111] direct labour hoUrs at the beginning of the year. The actual direct labour hours is 1.111111 for 21121. Compute the predetermined overhead rate that was used during 21121[2 marks}. c. Compute the direct labour cost {3 marks) d. Compute the cost of goods manufactured for 21121 (3 marks}. e. Compute cost of goods sold for 2112 1(2 marks)