5 (25 Marks) Ladco Inc. has provided the following relating to the most recent month (August 31, 2020) of operations, for their main product. Assembly line salary Finished goods inventory, beginning Finished goods inventory, ending General & administrative expenses Indirect materials 3,000 1,000 3,000 3,500 Production Supervisor, Salary 500 Purchases of raw materials 4,000 Raw materials inventory, ending 11,000 2,000 Raw materials inventory, beginning 1,000 Rent on production factory 2,000 Rent, retail store Sales Utilities on production factory Utilities, retail store Wages, retail staff WIP inventory, beginning WIP inventory, ending 1,000 40,000 500 500 3,000 2,500 4,500 Required: a. Prepare a schedule of cost of goods manufactured in good format. (15 Marks) b. Prepare the cost of goods sold section of the income statement (10 Marks)