b) The following financial information is for Khatri Boots Ltd, a safety boots manufacturer. June 30, 2023 June 30, 2022 Raw materials inventory $ 15 000 $ 10 000 Work-in-process inventory 80,000 95 000 Finished goods inventory 250 000 310,000 Of the total raw materials placed in production for the year, $10 000 was for indirect materials. Khatri Boots had $1 200 000 in sales for the year ended June 30, 2023. The company also had the following costs for the year: Selling $ 40 000 General and administrative $140 000 Raw materials purchases $180 000 Direct labour used in production $115 000 Depreciation of factory building $100 000 Insurance on factory $ 30 000 Factory Utilities $ 95 000 Depreciation on factory equipment $ 20 000 Repairs and Maintenance on factory $ 35 000 Indirect materials $ 10 000 Indirect labor $ 35 000 Prepare a schedule of cost of goods manufactured for the year ended June 30, 2023