1. Coleman Industries has the following cost records for March 2020: Direct materials (March 1, 2020) Direct materials (March 31, 2020 Direct materials Purchases Direct labour Indirect factory labour Factory utilities Depreciation, factory equipment Maintenance, factory equipment Indirect materials Factory manager's salary Work in process. (March 1, 2020) Work in process (March 31, 2020). Finished goods (March 1, 2020) Finished goods (March 31, 2020) Marketing Costs General and Administrative Costs $40,000 20,000 80,000 120,000 18,000 1,600 5,600 7,200 9,000 12,000 12,000 11,000 20,000 38,000 44,000 24,000 a) Prepare a cost of goods manufactured schedule for March 2020. (20 points) b) Prepare an income statement through operating profit for March 2020, assuming net sales are $500,000. (10 points)