ABC Company has the following cost and expense data for the year ending December 31,2020. Raw materials 1/1/2020 $ 30,000 Raw materials 12/31/2020 20,000 Raw materials purchases 205,000 Indirect materials 15,000 Work-in-process 1/1/2020 80,000 Work-in-process 12/31/2020 50,000 Finished goods 1/1/2020 110,000 Finished goods 12/31/2020 120,000 Direct labor 350,000 Factory manager's salary 35,000 Insurance, factory 14,000 Property taxes, factory building 6,000 Sales revenue 1,500,000 Delivery expenses 100,000 Sales commissions 150,000 Indirect labor 90,000 Factory machinery rent 40,000 Factory utilities 65,000 Depreciation, factory building 24,000 Administrative expenses 300,000 Instruction: Prepare a cost of goods manufactured schedule for ABC Company for 2020