The following costs and inventory data were taken from the accounts of Winsto Company for 2020 Inventones January 1, 2020 December 31, 2020 Raw materials $8.000 $7.000 Work in process 15,000 13,000 Finished goods 16,000 12,000 Costs incurred Raw materials purchases Direct labour Factory rent Factory utilities Indirect materials (inventored separately from other materials) Indirect labour Selling expenses Administrative expenses 588,000 42,000 8.000 2,000 4,000 6.000 5.000 12.000 Instructions a) Prepare a schedule showing the amount of direct materials used in production during the year b) Calculate the amount of manufacturing overhead incurred during the year. c) Prepare a schedule of Cost of Goods Manufactured for Winsto Company for the year ended December 31, 2020 in good form d) Prepare the cost of Goods Sold section of the income statement for Winsto Company for the year ended December 31, 2020 in good form 2 - B III HII X SAMS