2 - flow of costs; schedule of cost of goods manufactured: Below is the information for the current year ended 12/31/2020 for Dust Motes, Inc., a feather duster manufacturer. $ 27,522 $ 30,994 $ 25,630 $ 29,010 $ $ Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending Rental cost on factory equipment Direct labor Factory utilities General and administrative expenses Indirect labor Repairs--Factory equipment Raw materials purchases Selling expenses Sales 32,460 24,083 24,920 35,140 $ $ $ 88,000 44,200 $ $ 21,940 $ 7,820 $ 72,945 $ 41,330 $ 548,622 Cash $ 29,111 Accounts receivable, net $ 24,333 ACCY 201 - Friday Discussion Homework #5 - 10 points Fall 2021 Deadline: you must submit this assignment electronically via Canvas using the submission link I have provided in the module by 11:59pm, Sunday 10/3. Make sure your name, your TA's name, and your discussion section time are clearly indicated on your submission to ensure you receive credit. a. Calculate the cost of direct materials used during the year. Assume all Raw Materials were used as Direct Materials. b. Calculate total manufacturing costs for the year. C. Calculate the cost of goods manufactured (COGM) for the year d. Calculate the cost of goods sold (COGS) during the year. e. Prepare a schedule of cost of goods manufactured for the year ended 12/31/2020. f. Prepare an income statement for the year ended 12/31/2020 (assume no income tax expenses)