Question 3 Not yet answered Varked out of 12.00 P Flag question [12 marks] Alpaca Inc. is an Ontario based company that manufactures premium alpaca products for more than 15 years. The company lines of product include footwear, outerwear, yarns, toys, and many more. In August 2020, Alpaca Ing. recorded the following costs: Freight expense 26,400 Online ads expense $72,300 Head-office, Internet 1,250 Property taxes, company 14,850 and telephone expense showroom Head office, rent 36,000 Property taxes, manufacturing 23,900 plant Labour costs of $73,250 Sales commissions 84,600 production-line workers Manufacturing plant 63,500 Small tools used in factory 35,650 rent Materials used in 185,650 Website developer expense 1,400 production At August 1, 2020, the raw material inventory was $30,000, the work-in-process was $47.120 and the finished goods inventory was $131,250. At August 31, 2020, the raw material inventory was $48.250, the work-in-process was $37,580 and the finished goods inventory was $144,700. Question 3 Not yet answered Varked out of 12.00 P Flag question [12 marks] Alpaca Inc. is an Ontario based company that manufactures premium alpaca products for more than 15 years. The company lines of product include footwear, outerwear, yarns, toys, and many more. In August 2020, Alpaca Ing. recorded the following costs: Freight expense 26,400 Online ads expense $72,300 Head-office, Internet 1,250 Property taxes, company 14,850 and telephone expense showroom Head office, rent 36,000 Property taxes, manufacturing 23,900 plant Labour costs of $73,250 Sales commissions 84,600 production-line workers Manufacturing plant 63,500 Small tools used in factory 35,650 rent Materials used in 185,650 Website developer expense 1,400 production At August 1, 2020, the raw material inventory was $30,000, the work-in-process was $47.120 and the finished goods inventory was $131,250. At August 31, 2020, the raw material inventory was $48.250, the work-in-process was $37,580 and the finished goods inventory was $144,700