Question 3: Peter and Kim 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 16,750.00 3,850.00 3,200.00 $ $ $ 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 $ 27,000.00 Required: Please calculate the amount of cost of goods manufactured