Problem 5 From the following prepare a manufacturing statement and a cost of goods sold statement. Beg. Inv. End Inv WIP Finished Goods Raw Materials 11,90012,600O 12,40015,000 8,2007,500 Materials Purchased Direct Labor Indirect labor supervision indirect materials factory rent factory insurance factory taxes advertising office supplies expense factory depreciation depreciation- office equipment 85,000 110,000 24,000 36,000 12,900 18,000 12,000 6,000 10,000 8,000 22,000 11,000