QUESTION 3 a) SANTA LTD. submits the following information on 31st March, 2020: Particulars Sales for the year Purchases of material for the year Direct labor Inventories at the beginning of the year Finished goods Work-in-progress Materials inventory At the beginning of the year Amount (USD) 5,500,000 2,200,000 1,300,000 140,000 80,000 60,000 At the end of the year Inventories at the end of the year Work-in-progress Finished goods Additional information: - - Manufacturing overheads were 60% of the direct labor cost. Administration expenses were 5% of sales. Selling & distribution expenses were 10% of sales. Required: Prepare a Cost Sheet with all elements? 80,000 120,000 160,000 3