Question 3 (Adapted from Jul Sem 2018 Question 1b) The following data was extracted from the accounting records of Borders Company for the year ended 31 December 2019. 7,500 22.500 40,500 Inventories at 1 January 2019: Raw materials Work in process Finished goods Inventories at 31 December 2019: Raw materials Work in process Finished goods Direct labour Factory overhead Purchases of raw materials 5.000 27,000 30,000 78,000 132,000 37,500 Required: Compute the following for the year ended 31 December 2019: i) Cost of direct material used ii) Manufacturing costs 111) Cost of goods manufactured iv) Cost of goods sold