450 What are the major headings of the COGM schedule (multiple answers possible) * You have been asked to sort through the costs provided by the accounting clerk to determine the COGS for the period. Looking at the list, you can see that direct labour has not yet been calculated and that a lot of the costs are not relevant. Account Balance Cost per labour hour 650 Direct labour hours 700 Sales Paint used on the product 900 Factory utilities 700 Factory repairs 600 Office window upgrades 500 Amortization, conveyer belt Indirect materials 200 Indirect labour 300 Sale Commissions 900 Heating cost at the head office 250 By-product sales 350 Direct material purchases 1,100 Promotional Items 550 Electricity used at the head office 1,400 Materials inventory, July 1, 19 500 400 500 Dennocen Init 19 Direct material purchases Promotional items Electricity used at the head office Materials inventory, July 1, 19 Work-in-Process Inventory, July 1, 19 Finished Goods Inventory, July 1, 19 Materials Inventory, June 30, 20 Work-in-Process Inventory, June 30, 20 Finished Goods Inventory, June 30, 20 1,100 550 1,400 500 600 1,200 1,300 1,100 300 a. Direct Labour b. Office Utilites c. Expenses d. Finished Goods e. Direct Material