$3456$Sales$$35,0007$Cost of goods sold?$8$Purchases of direct materials$11,0009$Direct labour$5,50010$Finished goods inventory, beginning$4,75011$Work in process, beginning$110012$Work in process, ending$3,10013$Gross margin$12,00014$Finished goods inventory, ending?$15$Accounts payable, beginning$3,80016$Accounts payable, ending$3,00017$Direct materials inventory, beginning$90018$Direct materials inventory, ending$3,25019$Indirect labour$2,50020$Indirect materials used$4,20021$Utilities expense, factory$2,20022$Cost of goods manufactured?$23$Depreciation on factory equipment$6,800242526272829303132333435363738394041$DEChapter $2$ Question: $9$ Marks; $20$ Minutes $($make sure to complete both Part A & Part B$)$Part A $-4\mathrm{.}5$ marksLMN Co$.,$ a manufacturing company, had the following list of accounts for an accounting period:FGRent on factory building$ $162,000$Indirect materials$49,000$Direct labour$241,000$Sales commission$58,000$Salaries of plant managers$22,500$Direct materials used$470,000$Administrative salaries$341,500$Ch $2$ V$4$Ch $384+$Required:a$)$ Calculate the Cost of Goods Sold.b$)$ Calculate the Dipret Material Used.c$)$ Calculate the Cost of Goods Manufactured.d$)$ Calcuate the Ending Finished Goods Inventory.Part B $-4\mathrm{.}5$ marksXYZ Co$.$ had the following balances at the end of the year: