An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16 000 $22 200 18000 12 000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8 000 8 000 3600 6200 3000 Required: Prepare the cost of goods manufactured statement for the month ended 30 June 2019. Show the presentation of the ending inventories on the 30 June 2019 Balance Sheet extract. PART B Required: 4 Calculate the relationship between overhead and direct labour costs. Using that relationship, calculate the labour and overhead included in the ending inventories of work in process inventory & and finished goods ending inventory. PART A tt tt e 22 e e e e CAZ MANUFACTURING PTY LTD Cost of Goods Manufactured Statemente For the Month Ended 30 June 2019.2 Work in process inventory, June le Direct materials e Beginning raw materials Purchases e e Ending raw materials Direct materials used Direct labour Manufacturing overhead Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs Total manufacturing e overhead Total manufacturing costs Total work in process Ending work in process Cost of goods manufactured e e e e e le e e e titt le CAZ MANUFACTURING PTY LTD Balance Sheet (Extract) June 30, 2019 Current assets Inventories Raw materials Work in process Finished goods le PART B Factory overhead and direct labour cost relationship: Factory overhead costs = Direct labour costs Labour and overhead included in ending inventories: Work in process ending inventory=+ Finished goods ending inventory