to be 31. table QUESTION 3; (11 Marks) Arts Deco is an interior decorating company in Doha. The following information are extracted from the company's books for the year ended December 2018. Raw material purchases. Indirect raw materials included in manufacturing overhead. Actual Total direct labor hours Estimated Total direct labor hours...... Wage rate per direct labor hour Estimated total manufacturing overhead.. Actual total manufactured overhead Over applied: 5000$ Additional information: DL-DLHXrat hor $650,000 D2-15,000 25 DL-375 $95,000 15,000 direct labor hours ..20,000 direct labor hours $25 per hour .$300,000 $220,000 POHR-Estimate total mg 300,000 20,000 15 = Estimate Du Msappret POHR Actual hours = 15x 15,000- Ending balance of the year Beginning balance of the year Inventories Raw material $150,000 Work in process $120,000 Finished goods $100,000 $115,000 $105,000 $80,000 22500 Required: Prepare a Schedule of the Cost of goods manufactured for the year 2018. (7 Marks) Prepare a Schedule of the Cost of goods sold for the year 2018. (4 Marks)