A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $18,020 $12,000 Work in process 9,400 11,200 Finished goods 12,460 8,630 Activities for the period Raw materials purchases $8,100 1 Direct materials used 14,120 2 Direct labor used 9,200 3 Overhead applied 11,040 4 Sales 40,000 5 16 Required: 17 1. Prepare a schedule of cost of goods manufactured. 18 19 (Use cells A4 to C14 from the given information to complete this question.) 20 21 Schedule of Cost of Goods Manufactured 22 23 24 = Graded Worksheet + 13 16 Required: A B C D E 17 1. Prepare a schedule of cost of goods manufactured. 18 19 (Use cells A4 to C14 from the given information to complete this question.) 20 21 22 Schedule of Cost of Goods Manufactured 23 24 25 Total manufacturing costs 26 27 Total cost of work in process 28 29 Cost of goods manufactured 30 31 2. Compute gross profit. 32 33 (Use cells A4 to C14 from the given information to complete this question.) 34 35 Gross profit 36 37 38