The following selected account balances for the year ended December 31 are provided for Amita Company: Purchases of raw materials $260,000 Direct labour 65,000 Maintenance, factory 74,000 Selling and administrative salaries 179,000 Depreciation, factory equipment 110,000 Cleaning supplies 6,000 Sales commissions 350,000 Utilities, factory building 52,000 Rent, factory 90,000 Depreciation, sales equipment 80,000 Insurance, factory equipment 8,000 Advertising expense 300,000 In addition, you have the following information about inventories during the year: Increase in raw materials $10,000 Decrease in work in process $15,000 Decrease in finished goods $30,000 Cleaning supplies are in the factory. Assume the company uses FIFO. Cleaning supplies are in the factory. Assume the company uses FIFO. Required: (a.) Calculate the cost of goods manufactured. (b.) Calculate the cost of goods sold. Paragraph Lato (Reco... B TUA 19p... 7