4 5 1 234 A manufacturing company reports the following for the period: Inventories Raw materials Beginning Ending $18,020 $12,000 6 Work in process 9,400 11,200 7 Finished goods 12,460 8,630 8 9 Activities for the period 10 Raw materials purchases $8,100 11 Direct materials used 14,120 12 Direct labor used 13 Overhead applied 14 Sales 15 9,200 11,040 40,000 16 Required: 17 1. Prepare a schedule of cost of goods manufactured. 19 (Use cells A4 to C14 from the given information to complete this question.) 20 Schedule of Cost of Goods Manufactured 25 Total manufacturing costs 26 27 Total cost of work in process 24 36 1222222222222238 37 29 Cost of goods manufactured 30 31 2. Compute gross profit. 33 (Use cells A4 to C14 from the given information to complete this question.) 34 35 Gross profit