Question Three Compute the cost of material using the following information: i. Catalogue price of Materials N600,000 ii. Trade discount of 5% iii. Import Duty paid N565,000; iv. Freight inward N162,000; v. Insurance paid for import by road N48,000; vi. Cash discount N33,000; vii. VAT N37,000; Note: Provide reason for inclusion or non-inclusion of each item