If the 2021 Trial Balance contains:

Inventory, Finished Inventory, Sales, Raw Material Expense, Raw Material Purchase, Labor Wages, Management Salaries, Repair & Maintenance.

However, the 2020 Balance Sheet show an Inventory $525,144

How to calculate COGS?

2020 December 31

Balance Sheet: Inventory $525,144

2021 December 31

Trial Balance: Inventory $441005

Finished Goods Inventory $4120

Sales $2,385,103.40

Raw Materials (Resin) $557230.23

Resin Bought from Flos $227,390.67

Wage&Salaries $1,001,099.90

Management Wages $547,348.71

Wages Subsidies $512,008.31

Repair and Maintenance $91592.02

Management Wages $547,348.71

Wages Subsidies $512,008.31

Repair and Maintenance $91592.02

Exhibit 1 2019 Notes $ 1,794,283 106,012 472,751 9.763 2.382,809 Bad Debt LAIHIMILA Wuf Plastics Inc. Wuf Plastics Inc. Income Statement for the year-ended September 30, 2020 Balance Sheet as at September 30, 2020 2020 2019 2020 Revenue Notes Revente Current Assets Notes Current Assets RES $ 5,054877 Rever S6,972,673 Cash und cash equivulents S 514.192 Cash and short term invesnenis Other Resume $ 5:49.235 3 Other Reven $ 1.254.653 Accounts Recewable 697.736 Accounts Receivable Total $ 5,604.112 Total $8,227,326 GETTI Rettilices Recoverable 152.063 Foreign Exchange Reveisabk Inventory 525,144 litsentory Cost of Goods Sold Cost of Goods Sold Prepusl expenses atul deposits 58,514 Prepaid expenses un deposit Material $ 2.996.7889 Material $ 3,834,659 Total Current Assets 1,947,149 Total Current Assets Labour $ 1,346,373 Labour 2,016,451 Repairs and Maintenance S112280 Repues and Maintenance 162.850 Total Direct Cost $4,455,441 Total Direct Cost $ 6,013.960 Gross Profit S 1.148,671 Gross Profit $ 2.213.366 Administrative and General Expenses Administrative and General Expenses Marketing 1.522 Marketing 8.332 Automotive & Travel Expenses 33.411 Automathe & Travel Expenses 39.193 (7.725) Bad Debt 15.780 Interest and bank charges 9.274 Interest and batsk curges 13.430 Insurance Benefits 143.341 Insurance Benefits 190.379 Interest on kog-term debit 48.235 Interest on king-term debt $2,753 Interest on capital kase obligations 4,308 Interest on capital kase obligations 3.823 Offer Off 17676 Wuf Plastics Inc. Trial Balance As at 05/31/2021 Account No. Account Description Debits Credits 1010 Bank - IDCT (CDN) 0.00 0.00 4200 Sales 0.00 2.385.103.40 1020 Bank - HSBC 0.00 0,00 4220 Sales Returns 0.00 0.00 1030 Desflowers Share Account 5.00 0.00 4240 Sales Discounts 0.00 0.00 1060 Petty Cash 30.10 0.00 4310 Scrap Revenue 0.00 31.407.77 1063 Desflowers Credit Union 30.407.00 0.00 4330 Mok Revenue (New Mokls) 0.00 220,718,54 1100 Investments 0.00 0.00 4460 Misc Revenue 0,00 41,541.69 1200 Accounts Receivable 920,561.02 0.00 4461 Interest Income 0.00 169.00 1205 Allowance for Doubtful Account: 0.00 0.00 5010 Raw Material (Resin 557,230,23 0,00 1220 Payroll Advances 0.00 0.00 5122 Resin bought from Flos 227,390.67 0.00 1310 Prepaid Deposits 670.04 0.00 5410 Wages & Salaries 1,001,099.90 0.00 1320 Prepaid Deposits - Utilities 1,853.63 0.00 5412 Management Wages 547.348.71 0.00 1325 Prepaid Expense 44.511.13 0.00 5415 Wage Subsidies 0.00 512,008.31 T520 Inventory 441.005.00 0.00 5610 Accounting & Legal 0.00 0.00 1580 Finished Goods Inventory 4.120.00 0.00 5612 Consultant Professional 97,564.00 0.00 1611 Rehted Party Loan USD 1,525.367.83 0.00 5615 Marketing 2,526.29 0,00 1612 FX on related party ban 462.857.17 0.00 5620 Bad Debts 0,00 0.00 2.488.325.76 0.00 5640 Office 128,756.00 0.00 1821 Amortization Equipment 0.00 755,321.12 5650 Currency Exchange & Rounding 78,784.12 0.00 1830 Machinery - Cranes 500.327.51 0.00 5660 Amortization Expense 0.00 1831 Amortization - Cranes 0.00 262.093.26 5680 Income Taxes 0.00 39,084.00 1834 Machinery 1.016.714.27 0.00 5685 Insurance 84,043.40 0.00 5686 Benefits 33 998 73 F 1820 Equipment F 224,000.00 00