Assignment 3: Based on the data below, complete a Statement of Cost of Goods Manufactured:

Materials Inventory, 1-1-2020: $22,000

Materials Inventory, 12-31-2020: $25,000

Materials Purchased: $21,000

Indirect Materials Used: $1000

Direct Labor: $18,000

Indirect Labor: $3000

Other Factory Overhead: $8000

WIP, 1-1-2020: $20,000

WIP, 12-31-2020: $24,000

Finished Goods, 1-1: $30,000

Finished Goods, 12-31: $32,000

Assignment 4: Refer to Assignment 3. Based on the data provided, compute the Cost of Goods Sold.