instructions individual assignment: 1. please, solve one problem in cost accounting: tilsim company compute the cost of goods manufactured, cost of goods sold and income statement. (Tarhan Ibrahim, 2020) 2. Tulsum Company, A Textile Manufacturing Company, Has Supplied The Following Information From Its Accounting Records For The Last Calendar Year: Name of funtion Value Direct Labor Cost 371.500 Purchases of Direct Materials 160,400 1.000 Freight In On Materials Factory Suppliers Used Factory Utilities 37,800 46,000 Commissions Paid 80,000 190,000 23.900 26.750 Factory Supervision & Indirect Labor Advertising Material Handling Work In Process Inventory, Jan 1 Work In Process Inventory, Dec 31 Direct Materials Inventory, Jan 1 201.000 98,000 47,000 Page 2 TILSIT COMPANY DEMO PROBLEM 17,000 Direct Materials Inventory. Dec 31 Finished Goods Inventory, Jan 1 28,000 Finished Goods Inventory, Dec 31 45,200 Required: 1. Prepare A Cost Of Goods Manufactured Statement. 2. Prepare A Cost Of Goods Sold Statement. (Tarhan Ibrahim, 2020)