Answer the following QUESTONS Question1: The following data is extracted from ledger of Blnd manufacturing company, for two consecutive periods. Cost sheet 2020 20,000 30,000 ? (16,000) ? ? ? ? .3 details 2019 Beginning raw materials inventory 200,000 Cost of purchases 18,000 Direct materials available for use Ending raw materials inventory Direct material used in to production ? Direct labour 50,000 Prim cost Manufacturing overhead 40,000 Manufacturing cost Beginning WIP inventory 38,000 Ending WIP inventory (32,000) Cost of goods manufacturing ? Beginning finish goods inventory 40,000 Ending finish goods inventory ? Cost of goods sold ? Marketing cost 4,000 Cost of sales ? Administrative cost ? Total costs 300,000 Income statement 36,000 112,000 ? (16,000) ? ? (22,000) 152,000 ? ? Details 2019 2020 Sales revenue 300.000 ? Cost of sales (156,500) Gross profit ? ? Administrative cost ( ? (5,500) Net profit ? 84,000 Required: Prepare cost sheet and income statement again and find missing data. Question2: Explain:- a- Raw materials b- Beginning WIP inventory C- Ending WIP inventory d- Cost of sales