Question 3 (15 marks) You are the Cost Accountant of Thabani Steel Technologies (Pty) Ltd and your company manufactures various steel products. The following information relates to . your company's operations for the year ended 31 May 2021 R 70 000 Balances on 1 June 2020: 1 Raw materials inventory WIP inventory Finished goods inventory Indirect material (inventory) 25 000 34 000 8 000 195 000 170 000 21 000 110 000 45 000 Transaction totals for the year ended 31 May 2021. Raw materials issued to the factory Cash purchases of raw materials Railage on raw material purchases (paid in cash) Wages: Direct labour (paid in cash) Indirect labour (paid in cash) Electricity: Factory (paid in cash) Administrative offices (paid cash) Maintenance Factory (paid in cash) Administrative offices (paid in cash) Insurance: Factory (paid in cash) Administrative offices (paid cash) 15 000 8 100 7 000 5 500 8 000 4 500 Distribution costs 13 000 8 500 84 000 685 000 Advertising Salaries of administrative staff Sales of finished products Cash purchases of consumable stores (indirect material) Indirect materials issued to factory Rent paid (factory) Depreciation of factory machinery Cost of sales of finished goods Balances on 31 May 2021: 14 000 19 500 50 300 11 230 425 000 Unfinished goods on hand 16 000 7 HMAC200-1-July-Dec2021-SAI-CTM-V.2-03082021 Required: Prepare the following accounts in the general ledger of Thabani Steel Technologies (Pty) for the year ended 31 May 2021 3.1 Direct material 3.2 Work-in-progress - (7 marks) (8 marks) Question 3 (15 Marks) 3.1 Direct material (7 Marks) Date Details Fol. Amount Date Details Fol. Amount 2020 2021 Work-in- 31 process June 1 Balance bid May 2021 May 31 Bank Balance cld Bank (railage) Total Total 2021 June 1 Balance bd 3.2 Work in progress (8 marks) Date Details Fol. Amount Date Details Fol. Amount 2021 2021 May 31 Balance bld May 31 Finished goods Direct material Balance cld Direct labour Manufacturing overheads: (Add all the manufacturing overheads to get the total manufacturing overhead amount) Total Total 2021 June Balance bld