Classic Sound is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production department while the CEO splits her time 80/20% between developing new business and overseeing the production process. Information taken from the accounting records for the first three months of operations is shown below. Beginning raw materials inventory Purchases of raw materials Ending raw materials Inventory Direct labour Ranufacturing overhead Ending work in process inventory Purchase of production equipment Beginning work in process inventory Rent for production facility 51,500 25,750 41,350 31,050 0 5,300 115,000 9,450