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 3,500 500 Production Supervisor, Salary 4,000 Purchases of raw materials 11,000 Raw materials inventory, ending 2,000 Raw materials inventory, beginning 1,000 Rent on production factory 2,000 Rent, retail store 1,000 Sales Utilities on production factory Utilities, retail store Wages, retail staff WIP inventory, beginning 40,000 500 500 3,000 2,500 WIP inventory, ending 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)