A. Prepare the cost of goods manufactured Schedule.

B. Prepare the cost of goods sold Schedule.

in details please how to calculate

Kuwaiti Company had the following inventory balances at the beginning and end of the year: Raw material Work in process (WIP) Finished goods January 1 $35,000 130,000 225,000 December 31 $15,000 120,000 212,000 Following figures are given for the year: Raw material purchased Direct labor costs Utilities for the factory Rent for the factory Indirect material Indirect Labor Sales Selling and administrative expenses Income tax rate $90,000 280,000 17,000 120,000 15,000 32,000 1,460,000 75,000 25%