Milestone Three - Statement of Cost of Goods Sold Beginning Work in Process Inventory Direct Materials: Materials: Beginning Add: Purchases for month ofJanuanr Materials a1.rai lala lefor use Deduct; Ending materials Materials Used Direct Labor Duerl'lead Total Costs Deduct: Ending Work in Process Inventory Cost of Goods Sold \fEstablished Sales Price Number of Items Sold per [Iranr The other costs incurred by the business include: I General and administrative salaries r3 Receptionist: $11950 - Office supplies: 5ch - Other business equipment: $150