of [12 marks] Located in Toronto, Sadelmager Design Ltd is a small boutique that manufactures and sells leather products built to last a lifetime. The company is dedicated in creating luxury leather goods ranging from belts to bags. During December 2020, the busiest month of the year, the company incurred the following costs: tion Materials used in 129,955 Labour costs of production-line $51,275 production workers Production factory, rent 44,450 Sales commissions 29,220 Company showroom, rent 25,200 Small tools used in factory 24,900 Property taxes, production 19,730 Shipping costs 18,500 factory Marketing expense $15,610 Company showroom, insurance 1,350 Property taxes, company showroom Company showroom, utilities 10,395 875 The finished goods inventory was $91,880 on December 1, 2020 and $101,290 on December 31, 2020. The raw material inventory was $21,600 on December 1, 2020 and $33,775 on December 31, 2020. The work-in-process was $32,980 on December 1, 2020 and $37,850 on December 31, 2020. Instructions (a) Compute costs of goods manufactured for Sadelmager's busiest month of the year, December 2020. (5.5 marks) (b) Prepare an income statement through gross profit for the month of December 2020, assume sales of $481,000. (4 marks) (c) Indicate Sadelmager Design Ltd. balance sheet presentation of the inventories at December 31, 2020. (2.5 marks)