The accounting department at Mansbridge Inc. prepared the following income statement for the quarter ending December 31, 2019. Sales Purchases of materials (1) Payroll (2) Advertising Administrative travel Manufacturing utilities Facility rental (3) Depreciation (4) Sales commissions Annual insurance (25% for manufacturing) Office utilities Management salaries (5) Net income $1,411,600 250,040 268,100 37,800 28,400 51,000 98,000 65,100 49,000 48,000 23,200 396,000 $ 96,960 Notes: (1) 70% of the materials were direct (2) 70% direct labour; 30% indirect labour (3) 90% related to manufacturing (4) 75% related to manufacturing (5) 40% related to manufacturing The department also compiled the following information with respect to inventories for the quarter (note that the company does not maintain inventories of indirect materials). Direct materials Work in process Finished goods Beginning $ 7,270 8,470 11,680 Ending $8,500 9,760 7,660 Required: 1. Prepare a cost of goods manufactured statement for the quarter. MANSBRIDGE Inc Cost of Goods Manufactured Statement For the Quarter Ending December 31, 2019 Direct materials: Direct materials available for use Direct materials used Overhead Total manufacturing costs Total work-in-process Cost of goods manufactured