Question 4 Otjiwarongo Manufacturer Ltd has the following information related to the reporting period ended 31 December 2019. Inventory : Raw materials - 1 January 2019 N$90 000 Raw material purchased during the year N$780 000 Labour cost N$655 000 Rent N$150 000 Electricity N$75 000 Manufacturering equipment at COST N$100 000 Accumulated provision for depression (1 January 2019: Manufacturering equipment N$30 000 Delivery vehicles N$15 000 Uncomplicated goods - 1 January 2019 N$33 000 Inventory of completed - 1 January 2019 N$315 000 Sundry sales and administrative expenses N$170 000 Inventory on 31 December 2019: Raw materials N$120 000 Uncompleted goods N$31 500 Completed goods N$450 000 Purchases (other inventory) N$100 000 Additional information : I) An amount of N$20 000 is erroneously debited against the purchases account (other inventory), instead of raw material. Correct the error ii) N$600 000 is in respect of direct labour cost, whilst the residue is for indirect manufacturing labour. iii) The size of the factory is N$250 square meters. The rent amount to N$400/ square meters per annum. iv) 60% of the electricity is in the respect of manufacturing. v) depreciation is as follows : Manufacturing equipment written off in 10 equal installments. Otjiwarongo Manufacturer Ltd bought the manufacturing equipment 1 January 2016 15% per annum on vehicles according to the reducing balance method. 1 prepare the following general ledger accounts for for Otjiwarongo Manufacturer Ltd for the year ended 31 December 2019 1.1 raw materials inventory account 1.2 factory overhead expenses account 1.3 work in progress account 1.4 finished goods