4. During March, the cost of goods manufactured was $52,000. The beginning finished goods inventory was $11,000 and the ending finished goods inventory was $29,000. What was the cost of goods sold for the month? .... 5. The following data (in thousands of dollars) have been taken from the accounting records of MAX Corporation for the just completed year. Sales S5000 Raw materials inventory, beginning $160 Raw materials inventory, ending $40 Purchases of raw materials. $500 Direct labor $450 Manufacturing overhead $800 Administrative expenses $90 Selling expenses $500 Work in process inventory, beginning $80 Work in process inventory, ending $70 Finished goods inventory, beginning S300 Finished goods inventory, ending $150 Use these data to answer the following series of questions. Requirements: 1) Schedule of Cost of Goods Manufactured (CGM) 2) Schedule of Cost of Goods Sold 3)Income Statement