The following is information provided from the records of Kaimana Company for August 31, 2023: Sales $18,500,000 Salaries and benefits: Selling & administration 2,000,000 Direct manufacturing labour 3,000,000 Plant Maintenance workers 60,000 Purchases of Direct Materials 4,500,000 Indirect materials used 117,500 Amortization expense ** 225,000 Rent and insurance** 2,000,000 Property taxes on plant equipment 12,500 Management salaries 120,000 Heat, light & power ** 600,000 Advertising expense 350,000 **: 70% OF THESE COSTS ARE ASSIGNED TO MANUFACTURING OVERHEAD, AND 30% TO SELLING AND ADMINISTRATION Inventories: August 1 August 31 Finished goods $ 12,000,000 $8,000,000 Direct Materials 2,200,000 800,000 Work in process 187,500 2