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 for Manufacturing Facility Office utilities Management salaries (5) Net income $1,400, 600 248, 940 267, 700 37,600 28, 200 50, 600 96,000 64, 700 47,000 46,000 23,000 394, 000 96, 860 Notes: (1) 90% of the materials were direct (2) 80% direct labour; 20% indirect labour (3) 90% related to manufacturing (4) 80% 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 $ 7,170 8,370 11,580 Ending $8, 340 9,600 7,600 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