Part 2:Using your answer from part 1, expl Manufactured means. You must use your answer to call especially confused about work In process Inventory. Explain what inc works. (2 marks ) 36 37 38 Part 3: Provide one example of a direct material and one example of an indirect material for Swartnez Manufacturing, the bike manufacturing company. Explain why each example 39 would be classified that way. 40 Direct material (marks are only awarded if you explain why it is a direct material): (1 mark) 43 Indirect material (marks are only avrarded if you explain why it is an Indirect material): (1 42 mark) 43 B Cover Sheet Q1 Q2 Q3 Q4 Q5 Formulas Calculation Mode: Automatic Workbook StatisticsA Question: Cost of Goods Manufactured (11 Marks) Swartnez Manufacturing Inc.'s manufactures bicycles. The company's accounting records reflect the following inventories: Beginning Ending Inventory Account S 83,663 S 111,338 Raw Materials S 138,038 s 140,449 Work in Process S 117,478 $ 118,313 Finished Goods Other information for the year is as follows: Cost Item Amount Advertising 13.474 If you have Direct labor 121,380 Factory supervisor salary 92,315 exam y Insurance - factory 24,265 imm Insurance - retail store 5,235 Please m Indirect materials 10.578 If you wa Raw material purchases 367.630 Rent - factory 65,030 Rent - retail store 26,815 Required: Calculate the following: Part 1: Complete the schedule of cost of goods manufactured (show all amounts as positive numbers): (7 marks) aw materials used in production > = B Cover Sheet Q1 Q2 Q3 Q4 Q5 Formulas + ulation Mode: Automatic Workbook Statistics