MS KP MM Corporation is a manufacturer that produces cosmetics. The following information hasbeen taken from the company’s production, sales, and cost records for the just completed year:Production in units 100,000Sales in units ?Ending FINISHED goods Inventory in units ?Sales in Rupees Rs 2,000,000Costs :Other selling and administrative expenses Rs 40,000Other factory overhead costs Rs 22,000Selling and administrative salaries Rs 240,000Maintenance Factory Rs 50,000Utilities factory Rs 60,000Building Rent (Production Uses 80% of the Space; administrative and salesoffices use the rest)Rs 100,000Royalty PAID for use of Production patent, Rs 0.5 per unit produced) ?Rent for special production equipment, Rs 5000 per year plus Rs 0.2 perunit produced)?Insurance factory equipment Rs 20,000Cleaning supplies, factory Rs 10,000Depreciation Factory Rs 18,000Advertising cost Rs 600,000Direct labor Rs 80,000Indirect labor Rs 20,000Property taxes, factory Rs 10,000Raw material PURCHASED Rs 200,000Inventories Beginning of year End of yearFinished goods Rs. 0 ?Work in process Rs 50,000 Rs 60,000Raw materials Rs 20,000 Rs 10,000The finished goods inventory is being carried at the average unit production cost for the year. Theselling price of the product is Rs 32 per unit.Required:A. Prepare a Cost of Goods Manufactured Statement for the year. (2.5 Marks)B. Compute the number of units and cost of units in the finished goods inventory at the end of the year.(2 Marks)C. Prepare an INCOME Statement for the year under Absorption costing Method. (2.5 Marks)D. Compute the following cost: (2 Marks)i. Prime costii. Conversion costiii. Inventoriable costiv. Non-Manufacturing costE. Prepare T accounts of the following (1 Marks)i. Work in processii. Finished goods