2. XYZSporting GoodsCompany manufactured 100,000 units in 20x3 and reported the following costs: Sandpaper $ 32,000 Leasing costs - plant $ 384,000 Materials handling 320,000 Depreciation - equipment 224,000 Coolants & lubricants 22,400 Property taxes - equipment 32,000 Indirect manufacturing labor 275,200 Fire insurance - equipment 16,000 Direct manufacturing labor 2,176,000 Direct material purchases 3,136,000 Direct materials, 1/1/x3 384,000 Direct materials, 12/31/x3 275,200 Finished goods, 1/1/x3 672,000 Sales revenue 12,800,000 Finished goods, 12/31/x3 1,280,000 Sales commissions 640,000 Work-in-process, 1/1/x3 96,000 Sales salaries 576,000 Work-in-process, 12/31 /x3 64,000 Advertising costs 480,000 Administration costs 800,000 Required: (2.5 points each)