Sales 1,275,000 Beg raw materials Inventory 61,200 Sales Depreciation, factory 79,050 + New purchase of raw materials 368,730 Sales Discount Utilities, factory 19,635 Ending raw materials 41,820 - Sales Return Administrative expense 144,330 Direct Materials used In production Net Sales Purchase of raw materials 368,730 Raw materials, Mar31, 2020 41,820 Direct Labour selling expense 84,150 COGS Raw materials, Mar1, 2020 61,200 + Manufacturing overhead Gross Profit Work-in-Process inventory, Mar31 51,000 Indirect Materials (like lubricant] Insurance, factory 21,420 Indirect Labour (like supervisor salary) Direct labour 80,223 Factory, Supplies Work-in-Process inventory, Marist 91,800 Factory, Insurance Operating Expense Indirect labour 156,050 Factory, property tax Office, Supplies Finished Goods Inventory, Marist 132,600 Factory Factory, repair and maintenance Office, Insurance Supplies, factory 7,140 Building Factory, Rent Office, Property tax Finished Goods Inventory, Mar31 107,100 Factory, Utility Office, postage Maintenance, factory 45,390 office building Factory, Depreciation for machine and building Office, Rent on Total Manufacturing overhead Office, repair and maintenance Required: Office, Depreciation for equipment and building prepare the Income statements Total Operating Expenses 1)+2)+3) Total Manufacturing Cost ( New W.I.P) + Beg W.I.P Ending wil.P. Data Cost of Goods Manufactured ( new finished goods) first Net Profit last Student Id + Beg Finished Goods Acct27 (13P) Ending Finished Goods Assignment2 COGS