$1$ Problem $2-17$ Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour $[$LO$1,$ LO$2,$ LO$3,$ LO$4,$ LO$5]$

The following information pertains to the most recent quarter at Precious Production Limited.

$\backslash$table$[[$Purchases of raw materials,$388,500],[$Raw materials inventory, beginning,$47,600],[$Raw materials inventory, ending,$77,500],[$Depreciation$,$ factory,$215,500],[$Insurance$,$ factory,$21,900],[$Direct labour,$253,300],[$Maintenance$,$ factory,$127,600],[$Administrative expenses,$295,200],[$Sales$,2,256,000$