The Executive Desk Company (EDC) experienced growth in the summer of 2022 as customer interest in executive desks soared. To accommodate increasing demand, EDC wants to develop plans for expansion. First, however, EDC needs to determine the cost of the goods it sold for an average sales period in order to calculate gross profit margin. Directions In Microsoft Excel, use the EDC cost information below to calculate the cost of goods sold for September 2018. Show all parts of each formula used, and label your work to receive full credit. Utilize the example steps from Lesson 1 to assist you. Upload your completed Excel file. EDC Cost Information for September 2022 Direct Materials Inventory 9/1/22 $725,000 Direct Labor 1,250,000 Work in Process Inventory 9/31/22 500,000 Finished Goods inventory 9/1/22 800,000 Direct Materials Purchased 2,000,000 Factory Overhead 675,000 Direct Materials Inventory 9/3 1/22 700,000 Work in Process Inventory 9/1/22 500,000 Finished Goods Inventory 9/31/22 750,000