OUESTION 3- (14 points) Toto Inc. manufactures and sells a unique product. The following data are extracted from the accounting records at December 31, 2016: De reciation-facto Finished goods inventory, beginning Production (units) Supplies (see note 2) Purchases direct materials Direct labour (see note 4) Indirect labour Advertisin Direct materials invento Work in ro ess invento Pro rt taxes (see note 3 Sales (25,000 units) Prime costs (total) be innin , be innin $60,000 $0 30,000 $6,000 To be determined To be determined $25,000 $27,000 $20,000 $3,000 $4,000 $300,000 $202,000 ADDITIONAL INFORMATION: 1. Inventory balances at year-end were: Direct materials Work in process Finished goods $20,000 $5,000 to be determined 2. Supplies: 60 % apply to factory operations 3. Property taxes: 50 % apply to factory operations 4. Direct labour costs are equal to 110 % of manufacturing overhead costs. REQUIRED: l. Prepare the schedule of Cost of Goods Manufactured at December 31, 2016.