Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. 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: $2,700 Factory overhead: $480 Direct labor: $1,100 Beginning work in process: none (December 31, 2019) Ending work in process: $550 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $320 (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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: $2,700 Factory overhead: $480 Direct labor: $1,100 Beginning work in process: none (December 31, 2019) Ending work in process: $550 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $320 (January 31, 2020) Show less BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2020 Direct materials $ 2,700 Direct labor 1,100 Factory overhead costs 480 4,280 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 4,280 $ 4,280 Required 1 Required 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 Finished goods inventory, December 31, 2019 Cost of goods manufactured 0 Goods available for sale Finished goods inventory, January 31, 2020 Cost of goods sold $ 0