PART 1 The following data (in thousands of dollars) have been taken from the accounting records of Cat Corporation for the year ended March 31st, 2021: Sales $1,650 Purchases of raw materials $475 Direct labour $250 Glue $20 Wages of factory security guard $30 Depreciation of equipment used in production $60 Administrative expenses $230 Marketing campaign for cat dishes $120 Sales commissions for sales team $95 Shipping expense for finished goods $50 Raw materials inventory, beginning $120 Raw materials inventory, ending \$110 Work in process inventory, beginning $80 Work in process inventory, ending $60 Finished goods inventory, beginning $130 Finished goods inventory, ending $80 (a.) Prepare a formal schedule of cost of goods manufactured (i.e, in good form). (b.) Compute the cost of goods sold. (c.) Using data from your answers above as needed, prepare a traditional income statement in good form. PART 2 Select a real-world manufacturing company. Identify one example for each of the following types of costs for this company: 1) Direct material 2) Indirect material 3) Direct labour 4) Indirect labour 5) Manufacturing overhead 6) Period 7) Variable 8) Fixed 9) Differential 10) Opportunity 11) Sunk 12) Inventorial (product) In your assignment submission, you must state which manufacturing company you chose and what product (or products) they are manufacturing. For each example provided you must briefly explain why you believe it represents that type of cost