The accountant of MC Sdn. Bhd. extracted the following data from the company's accounting records for the year ended 31 December 2017. Inventories at I January 2017: Raw materials Work in process Finished goods Inventories at 31 December 2017: Raw materials Work in process Finished goods Sales Selling expenses Administrative expenses Direct labour Purchases of raw materials Insurance expenses for factory Depreciation expenses for factory RM 192,000 150,000 288,000 168,000 144,000 312,000 2,188,500 150,000 60,000 426,000 720,000 100,000 113,000 REQUIRED: (a) Prepare the Statement of Cost of Goods Manufactured for MC Sdn. Bhd. for the year ended 31 December 2017. (8 Marks) (b) Calculate the gross profit for MC Sdn. Bhd. for the year ended 31 December 2017. (5 Marks) (c) Briefly explain ONE (1) difference between the period costs and product costs by providing ONE (1) example for each costs.