Please answer. At September 1, 2020, the raw material inventory was $60,000, the work-in-process was $94,050and the finished goods inventory was $262,500.At September 30, 2020, the raw material inventory was $96,525, the work-in-process was $75,075and the tinished goods inventory was $289,575.

[12 marks] Petite Company operates in the toys manufacturing industry. The company produces wooden toys for 3 to 6 years old kids. During September 2020, the company incurred the following monthly costs: Marketing $144,500 Labour costs of $346,500 expense assembly-line workers Freight expense 52,700 Materials used in 371,250 toys Manufacturing 1 15,500 Property taxes on 47,850 plant, rental manufacturing expense plant Small tools used 70,950 Property taxes on 29,750 in factory company warehouse Head-office, 72,000 Sales 168,000 rental expense commissions Dividends 20,000 Head-office, 2,250 insurance