Question 4 Selected account balances of Mekna Manufacturing Company appear below for 2020: of year Finished Goods Inventory Work in Process Inventory Raw Materials Inventory Sales Revenue Direct Labour Factory Supervisory Salaries Income Tax Expense Factory Insurance Raw Material Purchases Administrative Expenses Sales Returns and Allowances Factory Depreciation Indirect Labour Selling Expenses Beginning End of year (RM) (RM) 32,000 25.000 35,000 30,000 26,000 46,000 360,000 40,000 18,000 25,000 9,000 75,000 17,000 15,000 22.000 11,000 27,000 Required: Using the above information for Mekna Manufacturing Company, answer the following questions. Support your answers with clearly identified computations. (a) What were the total overhead costs incurred? (4 marks) (b) What was the amount of direct materials used in production? (3 marks) (C) What was the cost of goods manufactured? (5 marks) (d) What was the cost of goods sold? (3 marks) (e) What was the amount of net income? (5 marks) Explain TWO (2) differences between the users of manufacturing accounts and financial statements available in annual reports. Provide relevant examples. (5 marks) (Total 25 marks)