Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020, Assume the following manufacturing costs: Direct materials: $2,900 Factory overhead: $490 Direct labor: $1,100 Beginning work in process: none (December 31, 2019) Ending work in process: $520 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $350 (January 31, 2020) 3. Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2020 Product Costs Cost by Behavior Fixed Variable Cost by Traceability Direct Direct Indirect 1. Monthly flat fee to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation component parts 5. Wages of desk assembler 6. Electricity for workshop 7. Depreciation on manufacturing tools Fixed Variable Variable Direct Direct Fixed Direct Fixed Indirect Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,900 Factory overhead: $490 Direct labor: $1,100 Beginning work in process: none (December 31, 2019) Ending work in process: $520 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $350 (January 31, 2020) Show less BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2020 Direct labor Direct materials Factory overhead costs Manufacturing costs Total manufacturing costs Add. Work in process, December 31, 2019 Total cost of goods in process Less: Work in process, January 31, 2020 Cost of goods manufactured 0 0 $ 0 Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2020. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2020 Cost of goods sold Goods available for sale 0 $ 0 Cost of goods sold