QUESTION 2 Logan Products, a small manufacturer, has submitted the items below concerning last year's operations. The president's secretary, trying to be helpful, has alphabetized the list. Administrative salaries $2,400 Advertising expense S1.200 Depreciation - factory building S800 Depreciation factory equipment $1,600 Depreciation office equipment $180 Direct labour cost $21.900 Raw materials inventory beginning S2,100 Raw materials inventory ending S3.200 Finished goods inventory, beginning 546,980 Finished goods inventory ending 544,410 General liability insurance expense S240 Indirect labour cost $11.800 Insurance on factory $1,400 Purchases on raw materials S14,600 Repairs and maintenance of factory 9900 Sales salaries S2.000 Taxes on factory $450 Travel and entertainment expense $1,410 Work-in-process inventory, beginning S1,670 Work-in-process inventory, ending SI,110 Required: a.) Prepare a schedule of cost of goods manufactured in good form for the year b.) Determine the cost of goods sold for the year