2.) Prepare a statement of Cost of Goods Manufactured and a statement of Cost of Goods Sold. Please state whether we are under/over applied and by how much.

BeginningRawMaterialsInventoryEndingRawMaterialsInventoryBeginningWorkinProcessInventoryEndingWorkinProcessInventoryBeginningFinishedGoodsInventoryEndingFinishedGoodsInventoryPurchasesDirectLaborActualManufacturingOverheadAppliedManufacturingOverhead$20,00015,00016,00013,00025,00022,000120,00055,00095,00092,000