$ 686,200 $ 108,620 Administrative Expenses Beginning Finished Goods Beginning Raw Materials Beginning WIP Depreciation on Factory Equip $ 427,150 $ 20,625 $ 202,035 Direct Labor $ 756,908 $ 93,612 $ 501,302 Ending Finished Goods Ending Raw Materials Ending WIP Factory Utilities $ 27,941 $ 312,052 Indirect Materials Used from Raw Materials $ 87,712 Insurance (70% for factory 30% for admin) Marketing Expenses $ 210,855 $ 442,807 Raw Materials Purchases $ 2,422,920 Repair and Maintenance on Factory Equip $ 129,246 Sales $6,420,456 Sales Supervision $ 294,485 Direct Materials Used is: 1) 2,348,768 O2) 2,261,056 O3) 2,422,920 O4) 2,850,070 Cost of Goods Sold is closest to: 1) 3,874,283 2) 3,904,300 3) 1,698,808 o 4) 941,900 Cost of Goods Manufactured is closest to: O 1) 941,900 O2) 878,643 O 3) 3,896,607 O4) 3.889,291