Question Two The accounts for a manufacturing company for an accounting period are listed below. a $39,000 ? $11,000 $5,000 $5,000 $800 $3,000 Sales Cost of goods sold Purchases of direct materials Direct labour Finished goods inventory, beginning Work in process, beginning Work in process, ending Gross margin Finished goods inventory, ending Accounts payable, beginning Accounts payable, ending Direct materials inventory, beginning Direct materials inventory, ending $11,700 $5,500 $4,000 $2,800 $1,000 $3,000 $2,000 Indirect labour $4,000 Indirect materials used $3,000 Utilities expense, factory Depreciation on factory equipment $7,000 ini Determine the amount of cost of goods sold. As a first step construct a Cost of Goods Manufactured Schedule in good form