D Question 5 (14 marks) Boat Inc.'s controller is working on the year-end financial statements and has compiled the following cost information: Direct materials purchased $215,200 Direct materials freight costs 5,300 Direct labour costs 197,800 Warehouse manager salary 46,200 Accounting staff salaries (at head office) 122,000 Marketing staff salaries 63,500 Indirect labour costs (warehouse staff) 43,100 Utility costs (83% warehouse-related) 51,400 Amortization (72% warehouse-related) 62,100 Other warehouse expenses 32,500 Other marketing expenses 31,700 Boat Inc. had the following inventory balances: Beginning of year End of year Direct materials Work-in-process Finished goods $35,300 $52,300 43,700 41,600 38,500 39,200 Required: a) Prepare Boat Inc.'s statement of cost of goods manufactured for the year. (11 marks) b) Prepare Boat Inc's statement of cost of goods sold for the year. (3 marks)