QUESTION $2(13$ marks$)$ TopTee $($Pty$)$ Ltd produces furniture and uses the job costing system. A Trial Balance for the company as of $1$ February $2024,$ is given below: The manufacturing overheads are absorbed to jobs based on direct labour cost. The following estimates were made at the beginning of the year for purposes of calculating a predetermined overhead rate for the year. Manufacturing overhead cost, R$228000$ and direct labour cost, R$190000.$ Over$-$or$-$under absorbed overhead is closed off against the cost of goods sold. Summary of transactions of the company for the year is given below: $1.$ Raw materials purchased on credit, R$180000.2.$ Utility costs incurred in the factory. R$570003.$ Salary and wages costs were incurred as follows: $4.$ Prepaid insurance for the year, R$4\backslash (000(75\backslash \%\backslash )$ related to factory operations, and $\backslash (25\backslash \%\backslash )$ related to selling and administrative activities$).5.$ Property tax incurred on the factory building, R$16000.6.$ Advertising costs incurred, R$150000.7.$ Depreciation recorded for the year, R$50000(\backslash (80\backslash \%\backslash )$ related to factory assets, and the remainder related to selling and administrative assets$).8.$ Other costs were incurred $($credit accounts payable$)$: for factory overhead, R$30000$; and for miscellaneous selling and administrative expenses, R$18000.9.$ Manufacturing absorbed to jobs amounted to $($R$?).10.$ The closing inventory of work in process inventory amounted to R$30000.11.$ Sales for the year ended amounted to R$1000000($all on credit, the cost of goods sold was $($R$?).12.$ The closing balance of finished goods inventory account was R$45000.13.$ The closing inventory of raw materials amounted to R$13000.$ Required: $2\mathrm{.}1$ Calculate the predetermined overhead rate. $2\mathrm{.}2$ Prepare a statement of the cost of goods manufactured and sold for the year ended $31$ January $2025.$