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 80f2096 between developing new business and overseeing the production process. Information taken from the accounting records for the rst three months of operations is shown below. Beginning raw materials inventory 5 D Purchases of raw materials 57,500 Ending raw materials inventory 23,?50 Direct labour 46,?50 Manufacturing overhead 35,250 Beginning work in process inventory 0 Ending work in process inventory 6,500 Purchase of production equipment 175,000 Rent for production facility 11,250 Required: 1. Prepare a schedule of cost of goods manufactured for the company for the month. (Do not leave any empty spaces; input a 0 wherever it is required.) CLASSIC SOUND Schedule of Cost of Goods Manufactured For the Quarter Ended xxx Direct materials: 0 Raw materials used in production 69 0 Total manufacturing costs 0 0 Cost of goods manufactured 02. What types of expenses are likely included in the total manufacturing overhead cost of $35250 incurred for the rst three months of operation? {You may select more than one answer. Single click the box with the question marlr to produce a check mark for a correct answer and double click the box with the question marlr to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect} Selling expense Administrative expense Ending work in process inventory Rent for the production facility Depreciation on the production equipment Insurance on the production equipment Indirect materials used in producing records Indirect labour related to the CEO's supervision of the production process (20% of her time). Indirect labour related to production facility repair, maintenance, and security