need help ASAP woth part D thank you

James, the manager at Teal's Danishes, was excited to determine the company's profit this year. It was a break-out year for the company, especially after being selected to cater the World College Club Sports Athletes' Annual Meeting. The company was thrilled! The number and variety of danishes produced for that event alone doubled the company's sales for the year. James knew the total sales amount but had yet to determine the total COGS. He hoped that it would be low relative to sales. Here are the transactions and amounts James found when gathering information for his COGS calculation. lames was sure that not all of these amounts should be included in COGS but didn't know how to correctly sort them. (a)-(b) Your answer is correct. (a) Fill in the third column of the above chart by identifying whether each cost item should be initially recorded as an asset or as an expense. (b) Fill in the fourth column of the chart by recognizing, if each item is considered to be inventoriable (product) cost or not. Question 3 of 3 Advertising Flour, eggs, sugar Depreciation on baking equipment and kitchen 43,000 Asset v Delivery expense Wages (baking employees) Research and development Utilities for bakery space Investment in mutual fund Cash proceeds from loan Wages (indirect labor) Salaries (executives and office staff) Your answer is correct. Beginning and ending balances for several accounts for Teal's Danishes are as follows. Prepare a schedule of COGM and COGS in good form. Utilize relevant information as needed. Question 3 of 3