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 (a) Sales comissions Annual insurance (25% for manufacturing) Office utilities Management salaries (5) Net incoe $1,455,600 254,440 269,700 38,600 29, 200 52,600 90.000 66,700 57,000 56,000 24,000 404 000 $ 113,360 Notes (1) 80% of the materials were direct (2) 70% direct labour, 30% indirect labour (3) 90% related to manufacturing (4) 70% related to manufacturing (5) 30% 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 $ 7,670 8,870 12,080 Ending $ 9,140 10,400 7,900 MANSERIDGE Inc Cost of Goods Manufactured Statement For the Quarter Ending December 31, 2019 Direct materials Beginning inventory $ 7,670 Add. Purchases 228,996 Direct materials available for use 236,666 Deduct: Ending inventory 9,140 Direct materials used $ $ 227,526 215,760 Direct labour Overhead 43,152 Indirect materials Manufacturing utilities Facility rental Depreciation Insurance Management salaries 43.152 486 438 Total manufacturing costs S S 9,1401 $ Deduct. Ending inventory Direct materials used Direct labour Overhead 227,526 215,760 43,152 Indirect materials Manufacturing utilities Facility rental Depreciation Insurance Management salaries 43,152 486,438 $ Total manufacturing costs Add: Beginning WIP inventory Total work-in-process Deduct: Ending WIP inventory Cost of goods manufactured $ 486,438 $ 486,438