Bramble Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. BRAMBLE COMPANY Income Statement For the Month Ended October 31, 2020 Sales revenue Less: Operating expenses Raw materials purchases $264,400 Direct labor cost 189,800 Advertising expense 93,000 Selling and administrative salaries 78,000 Rent on factory facilities 61,800 Depreciation on sales equipment 46,000 Depreciation on factory equipment 32,900 Indirect labor cost 29,000 $793,400 Depreciation on factory equipment 32,900 Indirect labor cost 29,000 Utilities expense 12,400 Insurance expense 8,100 815,400 Net loss $(22,000) Prior to October 2020, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows. 1. Inventory balances at the beginning and end of October were: October 1 October 31 Raw materials $20,200 $35,500 Work in process 19,800 14,800 Finished goods 31,000 53,100 BRAMBLE COMPANY Cost of Goods Manufactured Schedule Prepare a schedule of cost of goods manufactured for October 2020. > SA > $ GA SA 2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. (a) Prepare a schedule of cost of goods manufactured for October 2020. > BRAMBLE COMPANY Cost of Goods Manufactured Schedule EA