QUESTION 2 Below are the revenue and cost data for Strawberry Manufacturing Company for the year ended 31 December 2019. Work in process inventory (1 Jan) RM 340,000 Raw materials inventory (1 Jan) RM 46,000 Work in process inventory (31 Dec) | 322,000 Raw materials inventory (31 Dec) 37,000 Direct labor Indirect labor 111,000 Raw materials purchases 246,000 19,000 Factory depreciation 38,000 Sales revenue 840,000 Factory utilities 39,000 Finished goods inventory (1 Jan) 160,000 Finished goods inventory (31 Dec) 80,000 Required: (a) Prepare Cost of Goods Manufactured Schedule for the year ended 31 December 2019. (17 marks) (b) Prepare Statement Profit or Loss (until gross profit) for the year ended 31 December 2019. (8 marks)