5. With Ending Work in Process, Sales of Spoiled Goods as a Deduction for Overhead Costs Department II PT. TCA in June 2019 Production Data is as follows: The product is received from the Dept. I Finished Goods that meet Quality standards Defective Goods (then repaired) 82.500 Units 65.000 Units 4.000 Units Spoiled Goods (normal) 10.000 Units Missing Goods (beginning of process) 1.500 Units Work in Process (Material Cost 100%; Labor Cost 80%) 2,000 Units Production Cost Data are as follows: Cost of Goods from Dept. I $8,000,000 Product Completion Costs at Dept. II is: Material Cost $1,600,000 Labor Cost 2,950,000 Overhead Cost 2,950,000 To repair defective goods, an additional labor cost of $ 50,000 and an overhead cost of $ 50,000. Spoiled Goods can be sold $ 78/unit. Instructions Compile the Statement of Cost of Goods Manufactured and the required Journal! Notes: - Defective Goods can be repaired thus increasing production costs The proceeds from the sale of Spoiled Goods are used to reduce Overhead Costs