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 3800.00 $ Other information Purchase of Direct Material Factory Supervisor Salarios Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 $ 5750.00 $ 7,250.00 $ 140000 $ 115,000.00 $ 1,200.00 $ 17,750.00 $ 28,000.00 Required: Please calculate the amount of cost of goods manufactured