Purchases of materials Direct labor Depreciation of office equipment Finished goods at 31 Dec 2021 Depreciation of factory Machinery Direct material Inventory Increased during the year 2021 Delivery expenses Sales on credit Indirect labor Marketing costs Heating and lighting (45% are for office and remainder for factory) Work in process at 1 Jan 2021 Finished goods at 1 Jan 2021 Work in process at end of 31 Dec 2021 Office general expenses Rent and rates (Factory: office to be apportioned 3:1) $ 71000 188200 3000 22000 3500 15000 4000 468000 23 400 43000 50000 49000 16000 44000 24000 24000 There was no manufacturing overhead under or over applied during 2021. REQUIRED: a.) Prepare a statement of cost of goods manufactured for 2021. b.) Journal entries, including explanation to record: 1.) raw materials issued to production. II.) labor cost applied to production. ill) completed finished goods transferred IV) Sales of finished goods and cost of goods sold