Question 1 (12 points) Problem 1: The following information is taken from the August 31, 2020 year-end financial statements for Mike's Medicinal Marijuana Emporium. Use this information to calculate the cost of goods manufactured and the cost of goods sold. Be sure to show all your workings. Advertising expense 200,000 Decrease in finished goods 90,000 Depreciation, office equipment 16,000 Depreciation, factory equipment 80,000 Direct labour cost 180,000 Factory janitorial wages 112,600 Factory rent 60,000 Factory supplies 1,400 Factory utilities 18,000 Increase in raw materials 4,000 Increase in work-in-process 30,000 Maintenance of factory equipment 48,000 Office rent 12,000 Purchases of raw materials 274,000 Sales commissions 70,000 Software licence fee-factory operations 5,000 I L