Cognito Inc. manufactured 150,000 units of their spy cameras and sold every single unit. What is the impact of manufacturing costs on the balance sheet and income statement at period end? Select answer from the options below Balance Sheet: The manufacturing costs left are logged as a liability. Income Statement: DM, DL and variable-MOH for all units are in COGS. All fixed-MOH incurred are deferred to maximize tax deductions. Balance Sheet: There are no manufacturing costs left. Income Statement: DM, DL and variable-MOH for all units are in COGS. All fixed-MOH incurred is in the Income Statement as a period cost. Balance Sheet: Inventory and sales are updated. Income Statement: DM, DL and variable-MOH for all units are in COGS. All fixed-MOH incurred is in the Income Statement as a period cost. Balance Sheet: There are no manufacturing costs left. Income Statement: DM, only, are in COGS.