The following information appeared in the books of Gallore Limited for the year ended December 31, 2022 Inventories at January 1, 2022 Raw Material Work-In-Progress 75,000 12,000 Finished Goods 36,000 Other Information: Production wages 89,000 Factory manager's salary 18,000 Depreciation of factory building 5,000 Direct Materials purchased 158,000 Freight on raw materials 4,500 Electricity 25,000 Sales 405,000 Inventory at December 31, 2022: Raw Material 52,000 Work-In-Progress 17,000 Finished Goods 23,000 75% of electricity is charged to the factory. Mark-up on production cost is 20% Calculate and show clearly 0 Prime Cost Total factory overheads Total production cost of goods completed (iv) Market Value of Finished goods (v) Cost of goods sold (vi) Gross Profit (vii) Net Profit