4. Based on the information given, calculate the Cost of Goods sold of a manufacturing company. (5 points) Beginning work in process inventory was $10,000. Ending work in process inventory was $15,000. Direct materials used were $25,000. Direct labeur was $60,000. Manufacturing overhead incurred was $50,000. Beginning finished goods inventory was $25,000. Ending finished goods inventory is $30,000 5. Prepare adjusting entries for the following items on December 31, the end of the fiscal year. (10 points) a) Amortization on building, $50,000 b) Services performed but unbilled, $3,500 c) Salaries owed to employees at year end, $20,500 d) Unearned service revenue, $5,500 e) On December 1st, the company purchased an annual insurance policy for $3,600