ABC Firm produces a wide range of plastic products. Information for the firm's inventory accounts at the beginning and end of 2020 follows: Account Direct materials Work in process Finished goods Beg. Balance $121,500 458,900 845,300 End. Balance $139,700 998,400 239,500 Other information from 2020 for the firm includes: Sales salaries Purchases of direct materials Rent Direct labour Depreciation on corporate jet Depreciation on factory machines Sales Insurance on corporate jet Indirect labour Fire insurance on factory building Insurance on finished goods warehouse $156,300 192,400 84,300 243,500 44,700 91,500 1,548,200 34,800 54,300 12,500 18,400 1. Compute cost of goods manufactured. You may set up the solution however you want. I am not asking for a formal schedule of cost of good manufactured, but you can do one if you like. 2. Compute cost of goods sold