135200 00 B D E Sales Depreciation, factory Utilities, factory Administrative expense Purchase of raw materials Raw materials, Mar31, 2020 selling expense Raw materials, Mar1, 2020 Work-in-process inventory, Mar31 Insurance, factory Direct labour Work-in-process inventory, Marist Indirect labour Finished Goods Inventory, Marlst Supplies, factory Finished Goods Inventory, Mar31 Maintenance, factory Acct30(130) 1,300,000 80,600 20,020 147,160 375,960 42,640 85,800 62,400 52,000 21,840 81,796 93,600 159,120 135,200 7,280 109,200 46,280 Required: prepare the income statements E F G H K L M N o 62,400 Sales 375,960 - Sales Disc Beg Direct Materials Inventory + New Purchase of Direct Materials - Ending Direct Materials Inventory Direct Materials used in production 42,640 - Sales Return Net Sales 1) 2) + Direct Labour - COGS Gross Profit - Operating Expenses Factory Building + Indirect materials (like lubricant) Indirect labour (like factory supervisor salary) Factory, Supplies Factory, Insurance Factory, Property tax Factory, Repair and Maintenance Factory, Utility Factory, Rent for machinery or building Factory, Depreciation for Machinery and Buildings Manufacturing Overhead 3) Office, supplies Office, Insurance Office, Property Tax Office, repair and maintenance Office office, Utility Building Office, rent for equipment or building Office, Depreciation for equipment and building Office, tel Exp Office, ads exp Total Operating Expenses 1)+2)+3) Total Manufacturing cost (New W.L.P) + Beg W.LP - Ending W.IP Cost of Goods Manufactured (New Finished Goods or products) + Beg Finished Goods or products - Ending Finished Goods or Products COGS Net Income +