Manufacturing Costs Using the following information, answer the next 3 questions to find (1) DM used, (2) Cost of goods manufactured (COGM), and (3) Cost of goods sold (COGS) Administrative Expenses $686,200 Beginning Finished Goods 108,620 Beginning Raw Materials 427 150 Beginning WIP 20,625 Depreciation on Factory Equip 202,035 Direct Labor 756.908 Ending Finished Goods 93,612 Ending Raw Materials 501,302 Ending WIP 27 941 Factory Utilities 312,052 Indirect Materials Used from Raw Materials 87 712 Insurance (70% for factory 30% for admin) 210,855 Marketing Expenses 442 807 Raw Materials Purchases 2.422 920 Repair and Maintenance on Factory Equip 129 246 Sales 6,420 456 Sales Supervision 294,485 Question 1 (2 points) Direct Materials Used is: $2,261,056 $2,422,920 O $2,850,070 $2,308,768 Question 2 (2 points) Cost of Goods Manufactured is closest to: $941,900 $3,896,607 $878,643 $3,889,292 Question 3 (2 points) Cost of Goods Sold is closest to: $1,698,808 $3,874,283 $941,900 $3,904,300