ABC Company had the following account balances for the year ending December 31: Work-in-process inventory (January 1) $ 28,080 Work-in-process inventory (December 31) 34,200 Finished goods inventory (January 1) 108,000 Finished goods inventory (December 31) 102,000 Direct materials used 75,600 Indirect materials used 16,800 Direct manufacturing labor 96,000 Indirect manufacturing labor 37,200 Property taxes on manufacturing plant building 5,760 Salespersons' company vehicle costs 2,400 Depreciation of manufacturing equipment 52,800 Depreciation of office equipment 24,720 Miscellaneous plant overhead 27,000 Plant utilities 18,480 General office expenses 61,080 Marketing distribution costs 6,000 Required: a. Prepare a cost of goods manufactured schedule for the year.

b. Prepare a cost of goods sold schedule for the year.