SP 1 Serial Problem Business Solutions (Algo) LO C4, P1, P2 Santana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. $ 0 570 Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials used Direct labor Factory overhead 380 2,900 1,100 460 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Classify the following manufacturing costs of Business Solutions as either direct or indirect. Product Costs Cost by Traceability Direct 1. Monthly fee to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation components 5. Wages of desk assembler 6. Electricity for workshop 7. Depreciation on manufacturing tools Indirect Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. Work in process inventory, beginning: $0 Work in process inventory, ending: $570 Finished goods inventory, beginning: $0 Finished goods inventory, ending: $380 Direct materials used: $2,900 Direct labor: $1,100 Factory overhead: $460 Show less A BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2022 Direct labor Direct materials Factory overhead costs Manufacturing costs Cost of goods manufactured Factory overhead costs Manufacturing costs Sales activities Cost of goods manufactured