QUESTION 1 The following information relates to Polar Bhd. for the year ended 31 Dec 2022 was extracted from the company's records : $'000 Sales 50,500 Rental 3,900 Depreciation - Office Equipment 25 Prime Cost 25,730 Direct Materials, 1/1/22 310 Finished Goods, 1/1/22 1,890 Work in Process, 1/1/22 350 Direct Materials, 31/12/22 ? Work in Process, 31/12/22 530 Direct Materials purchases 22,500 Depreciation - Plant Equipment 1,200 Plant Utilities 2,100 Direct labour 3,200 Plant manager's salary ? Cost of Goods Sold 32,220 Property taxes - Office Building 10 Conversion Cost 9,980 Indirect labour 250 Note : 20% of the rental were for administrative purposes.(c) Plant manager's salary. (3 marks) (d) Cost of Good Manufactured. (1 mark) (e) Gross Profit. (1 mark)