Give justification to your answer.

Part II Question 2 (12 marks) Logan Products, a small manufacturer, has submitted the items below concerning last year's operations. The president's secretary, trying to be helpful, has alphabetized the list. Administrative salaries $2,400 Advertising expense $1,200 Depreciationfactor},r building $800 Depreciationfactor}r equipment $1,600 Depreciationofce equipment $180 Direct labour cost $21,900 Raw materials inventory. beginning $2,100 Raw materials inventory, ending $3,200 Finished goods inventory, beginning $46,930 Finished goods inventory. ending $44,410 General liability insurance expense $240 Indirect labour cost $11,800 Insurance on factory $1,400 Purchases of raw materials $14,600 Repairs and maintenance of factor}r $900 Sales salaries $2,000 Taxes on factory $450 Travel and entertainment expense $1,410 Work-in-process inventory, beginning $1.670 Work-in-process inventory. ending $1.110 Required: a.) Prepare a schedule of cost of goods manufactured in good form for the year. (9 95 marks} b.) Determine the cost of goods sold for the year. (2 1/2 marks)