Page Break Short Answer (5 marks) The following costs are attributed to the Quilt Company: Purchase of raw materials (all direct) Direct labour cost Manufacturing overhead costs $291,100 $141,800 $198, 100 Inventories: $10,000 $900 $20,000 Beginning raw materials Ending raw materials Beginning work in process Ending work in process Beginning finished goods Ending finished goods $15,900 $20,000 $6,800 Quilt Company used a 120% predetermined overhead rate based on direct labour cost (budgeted overhead cost). 6. Calculate the cost of goods sold based on the budgeted overhead cost. F9 F10 F19