The following data pertain to the Clifford Manufacturing Company for the year ended December 31, 2005.

Required:

a. Prepare a cost of goods manufactured schedule for 2005.

b. Prepare a cost of goods sold schedule for 200S.

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Beginning direct material inventory Ending direct material inventory Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory $ 2,300 3,400 5,500 4,100 6,500 5,100 Direct material purchased 12,300 Factory supplies used 500 Depreciation on the factory 22,000 Assembly-line labor cost 48,600 Depreciation on production equipment 12,000 Other indirect factory costs 4,700