Doreen Ltd. manufactures fabric hats and has the following balances in selected accounts at September 30,...

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Doreen Ltd. manufactures fabric hats and has the following balances in selected accounts at September 30, 2019. Description Salary for assembly line workers Insurance (90% factory related) Property taxes (50% factory related) Factory repairs (100 % factory related) Indirect materials such as glue, and other small parts used in production of hats but not easily traceable to products Factory supervisors salaries Shipping costs to deliver goods to customers Sales commissions paid to salespeople Fabric used in the production of hats President Doreen's salary Advertising expense Accountant's salary Opening work in process inventory Ending work in process inventory Sales Opening finished goods inventory Ending finished goods inventory Ending raw materials inventory Required Cost $100,000 75,000 80,000 15,000 25,000 125,000 99,000 125,000 300,000 160,000 200,000 65,000 10,000 8,000 1,000,000 25,000 35,000 10,000 Accountant's salary Opening work in process inventory Ending work in process inventory Sales Opening finished goods inventory Ending finished goods inventory Ending raw materials inventory 65,000 10,000 8,000 1,000,000 25,000 35,000 10,000 Required 1. Using the information above prepare the cost of goods manufactured schedule for Doreen Inc. for the year ending September 30, 2019. 2. Using the information above prepare the inventory section of the balance sheet for Doreen Inc. at September 30, 2019. 3. Compute the gross profit for Doreen Inc. for the year ending September 30, 2019 (it is not necessary to prepare the FULL income statement). Show your calculations. Doreen Ltd. manufactures fabric hats and has the following balances in selected accounts at September 30, 2019. Description Salary for assembly line workers Insurance (90% factory related) Property taxes (50% factory related) Factory repairs (100 % factory related) Indirect materials such as glue, and other small parts used in production of hats but not easily traceable to products Factory supervisors salaries Shipping costs to deliver goods to customers Sales commissions paid to salespeople Fabric used in the production of hats President Doreen's salary Advertising expense Accountant's salary Opening work in process inventory Ending work in process inventory Sales Opening finished goods inventory Ending finished goods inventory Ending raw materials inventory Required Cost $100,000 75,000 80,000 15,000 25,000 125,000 99,000 125,000 300,000 160,000 200,000 65,000 10,000 8,000 1,000,000 25,000 35,000 10,000 Accountant's salary Opening work in process inventory Ending work in process inventory Sales Opening finished goods inventory Ending finished goods inventory Ending raw materials inventory 65,000 10,000 8,000 1,000,000 25,000 35,000 10,000 Required 1. Using the information above prepare the cost of goods manufactured schedule for Doreen Inc. for the year ending September 30, 2019. 2. Using the information above prepare the inventory section of the balance sheet for Doreen Inc. at September 30, 2019. 3. Compute the gross profit for Doreen Inc. for the year ending September 30, 2019 (it is not necessary to prepare the FULL income statement). Show your calculations.