- Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory 17,750.00 2,850.00 4,200.00 $ 8,000.00 $ 3,500.00 $ 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor 60,000.00 $ 5,750.00 $ 7,250.00 $ 1.400.00 $ 115,000.00 $ 1,200.00 $ 17.750.00 $ 28,000.00 Finished Goods Inventory $ $ 4,200.00 $ 3,800.00 AIA Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 $ 5,750.00 $ 7,250.00 $ 1,400.00 $ 115,000.00 $ 1,200.00 $ 17,750.00 $ 28,000.00 Required: Please calculate the amount of cost of goods manufactured