Problem (10 points). The management accountant for Arkansas Industries has provided you with the attached information for selected accounts. The accountant also indicated that the inventories had the following balances as of March 31, 20X5: Direct Materials Inventory, $576,200; Work in Process Inventory, $798,300; and Finished Goods Inventory, $613,000. REQUIRED: Prepare, in good form, a statement of cost of goods manufactured for Arkansas Industries for the first quarter of 20X5. Lory. Mens Varsity Fotbal Mala Chandor Outlook wwworld.org Student Schedule Hondaiapattle- The older S ARKANSAS INDUSTRIES LIST OF SELECTED ACCOUNTS FOR QUARTER ENDING MARCH 31, 20X5 Direct Materials Inventory, January 1, 20X5 Work in Process Inventory, January 1, 20X5 Finished Goods Inventory, January 1, 20X5 Direct Materials Purchases Direct Labor Office Supplies Expense Property Taxes, Administrative Offices Depreciation Expense, Plant Equipment Salary Expense, Administrative Insurance Expense, Plant Equipment Utilities Expense, Plant Indirect Labor Manufacturing Supplies Expense Manufacturing Tools Expense 605,300 822,500 705,300 1,523,500 175,000 2,300 1,400 15,300 35.600 1.750 3.800 18,400 3.750 2.200 MacBook Air 30 2 3 $ 4 % 5 6 & 7 8