Could you please solve this. Thank you

Milestone Three - Statement of Cost of Goods Sold Beginning Work in Process Inventory Direct Materials: Materials: Beginning Add: Purchases for month of January Materials available for use Deduct: Ending materials Materials Used Direct Labor 8,493 Overhead 3,765 Total Costs Deduct: Ending Work in Process Inventory 0 Cost of Goods Sold- Materials purchased: $2,UD o Consumed 80% of the purchased materials - Direct labor: $8,433.33 - Dverhead costs: $3,?5 Note: Assume that the beginning materials and ending work in prooess are zero for the month. Use the following revenue and oost information for the income statement Note that the revenue you use will depend on the pricing level options vou chose in Milestone Two. Also, assume that after accounting for weekends and other holidays, there were 2i] business days in the rst month of operation. For example, if you chose a sales price of SEQ per collar, the actual number of collars sold in the month was 33 per dag.r or 33 3: 2i] = E per month. Established Sales Number of ttemc Sold per Prioe @ _ Leashes $22 $25 $25 53o sss w The other oosts incurred by the business include: I- General and administrative salaries o Receptionist: $1,931 :3 Owner salarv: $500 I- Depreciation: $155 - Rent: STED - Utilities and insurance: $D I- Scissors, thread, and cording: $1,200 - Loan repavment: $550 VIlEIDE At ie end of the month,r you nd that the labor and materials spent on manufacturing collars was different from what you estimated: c \"We collar maker had to work nine hours a day instead of eight due to an increased demand for collars. i Because of the increased demand, the hourly rate you paid your employee for making the collars increased to $16.50. c An increase in the cost of raw material led the direct material cost per collar to increase to 510. i However, you also made and sold ED more collars than you expected to sell in the month. You now need to determine the 1lralianoe in the materials and labor cost from what you estimated in Milestone Two based on the market research data. \fMilestone Three - Income Statement Revenue: Collars Leashes Harnesses Total Revenue: Cost of goods sold Gross profit Expenses: General and administrative salaries S 2,450 Depreciation 165 Rent 750 Utilities and insurance 600 Scissors, thread, and cording S 1,200.00 Loan 600 Total Expenses S Net Income/Loss S