Question 6 THE NASI LEMAKS produces frozen nasi lemak for local consumption. The summary of details for THE NASI LEMAKS are as follows: Building (80% used by factory for production) 300,000 Carriage inwards on direct material (20% of net direct material purchases) Cost of idle time 12,000 Depreciation of Building 18,000 Depreciation of factory vehicles 90,000 Depreciation of office furniture 56,000 Direct Material Purchases 750,000 Direct Material Purchases Return 10,000 Factory vehicle 330,000 Fire insurance (80% allocated to factory) 60,000 Import duties on direct material (5% of direct material purchases) Indirect Material (15% of cost of direct material used) Labour Cost (60% direct labour) Maintenance of building Office furniture Overtime Premium Sales Selling Expenses 400,000 90,000 80,000 25,000 1,000,000 75,000 45,000 Utilities (30% of the space occupied by office) Following are the balance of inventories as at 1 January 2017 31 December 2017 Work In Process 35,000 50,000 Direct Material 60,000 95,000 You are required to prepare the SCHEDULE OF GOODS MANUFACTRUED & GOODS SOLD for the year ended 31 December 2017