Can you please help me with the question above.

Consider the following account balances for Canseco Company 1 January 2011 22 000 21 000 18 000 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labour Indirect manufacturing labour Plant insurance Depreciation - plant, building, and equipment Repairs and maintenance - plant Marketing, distribution, and customer service costs General and administrative costs 31 December 2013 20 000 20 000 23 000 75 000 25 000 15 000 9 000 11 000 4 000 93 000 29 000 Lequired: 1 Prepare a schedule for the cost of goods sold for 2011. (15) 2 Prepare the income statement for 2011. Revenues of the year were R300 000. (5) The Manes Company has two products Product 1 is manufactured entirely in Department and Product 2 is manufactured in Department Y. o produce these two products, Manes Company has two support departments. A la materials-handling department) and B (a power-generating department). An analysis of the work done in departments A and B in a typical period is as follows: Used by Supplied by A B Y A 100 250 150 B 500 100 400 So e work done in department A is measured by the direct labour hours of materials handling me. The work done in department B is measured by the kilowatt hours of power. The dgeted costs of the support departments for the coming year are as follows: Department A (Materials Handling) R70 000 Department B (Power Generation) R10 000 ariable indirect labour and indirect aterials costs upervision Saleny epreciation tal R10 000 R20 000 R100 000 + Power costs R10 000 R20 000 R40 000 + Materials-handling costs -ervision costs are salary costs. Depreciation in department B is the straight-line reciation of power-generating equipment in its 19th year of an estimated 25-year useful life; old, but well-maintained equipment. budgeted costs of the operating departments for the coming year are R1 500 000 for artment X and R800 000 for department Y. aired: Using the reciprocal method, allocate the support departments cost to the production departments