im Winter 2022 Help Save & Exit The accounting department at Mansbridge Inc. prepared the following income statement for the quarter ending December 31, 2019 Sales Purchases of materials (1) Payroll (2) Advertising Administrative travel Manufacturing utilities. Facility rental (3) Depreciation (4) Sales commissions Annual Manufacturing insurance (5). Office utilities Management salaries (6) Net income $1,455,600 254,440 269,700 38,600 29,200 52,600 90,000 66,700 57,000 56,000 24,000 404,000 $ 113,360 Notes: (1) 80% of the materials were direct (2) 70% direct labour; 30% indirect labour (3) 90% related to manufacturing (4) 70% related to manufacturing (5) This is a statement for the quarter (6) 30% related to manufacturing The department also compiled the following information with respect to inventories for the quarter (note that the company de maintain inventories of indirect materials). Direct materials Work in process Finished goods Beginning $ 7,670 8,870 12,080 Ending $9,140 10,400 7,900 NEW Next > 1. Prepare a cost of goods manufactured statement for the quarter. Direct materials: Direct materials available for use Direct materials used Overhead Total manufacturing costs Total work-in-process Cost of goods manufactured Prev 26 of 42