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.

Raw materials inventory, beginning	$ 27,522
Work in process inventory, beginning	$ 30,994
Finished goods inventory, beginning	$ 25,630
Raw materials inventory, ending	$ 29,010
Work in process inventory, ending	$ 32,460
Finished goods inventory, ending	$ 24,083
Rental cost on factory equipment	$ 24,920
Direct labor	$ 35,140
Factory utilities	$ 88,000
General and administrative expenses	$ 44,200
Indirect labor	$ 21,940
RepairsFactory equipment	$ 7,820
Raw materials purchases	$ 72,945
Selling expenses	$ 41,330
Sales	$ 548,622
Cash	$ 29,111
Accounts receivable, net	$ 24,333

1. Calculate the cost of direct materials used during the year. Assume all Raw Materials were used as Direct Materials.
2. Calculate total manufacturing costs for the year.
3. Calculate the cost of goods manufactured (COGM) for the year
4. Calculate the cost of goods sold (COGS) during the year.
5. Prepare a schedule of cost of goods manufactured for the year ended 12/31/2020.
6. Prepare an income statement for the year ended 12/31/2020 (assume no income tax expenses).