Below are production costs and inventory information for Rizza Pizza Inc in 2020: Costs incurred: Raw materials purchases $98,000 Direct labour 52,000 Factory rent 8,000 Factory utilities 2,000 Indirect materials 5,000 Indirect labour 6,000 Factory property tax 3,000 Selling expenses 5,000 Administrative expenses 12,000 Office Supplies Expense 3,000

Inventories: January 1, 2020 December 31, 2020

Raw materials $18,000 $ 15,000

Work in process 10,000 12,000

Finished goods 17,000 15,000

a.Prepare a schedule of Cost of Goods Manufactured for Fitness Inc for the year ended December 31, 2020 in good form.

b.What the Cost of Goods Sold in 2020?