Question $4$

$(10$ marks$)$

Saima Petrus, a University of Namibia alumnus is an experienced cost accountant. She recently took over the role of cost accountant at Namib Breweries Ltd$,$ a company that produces beverages. The previous cost accountant left the company abruptly without notice leaving the accounting records in disarray. Saima requires the ending inventory balances for the fourth quarter financial report.

The following information is available:

$\backslash$table$[[,$N$$],[$Direct materials purchased,$480000],[$Work$-$in$-$progress $(1$ Oct $2023),140000],[$Direct materials $(1$ Oct $2023),50000],[$Finished goods $(1$ Oct $2023),640000],[$Conversion costs,$1320000],[$Total manufacturing costs added during the period,$1680000],[$Cost of goods manufactured,$4$ times direct$],[,$materials used$],[$Gross margin,$25\%$