To calculate raw material inventory and finished goods inventory?

     

Best Electronics Pte Ltd is an electronic retailer. Below is the departmental income statement for the year ended 31 December 2021 for the Home Entertainment and Home Appliance Departments. The CEO is considering closing the Home Appliance Department since it has a net loss. Best Electronics Pte Ltd Department Income Statement for the year ended 31 December 2021 Sales Cost of goods sold Operating expenses Advertising expense Depreciation expense Salaries expense Supplies expense Rent expense Utilities expense Total operating expense Net profit (loss) Home Home Entertainment Appliance S 507,500 228,375 279,125 25,375 50,750 101,500 10,150 35,525 15,225 238,525 40,600 S 425,000 233,750 191,250 21,250 42,500 85,000 8,500 29,750 12,750 199,750 (8,500) According to the accountant, only advertising, rent and utilities expenses are indirect expenses.