BUENAFLOR COMPANY has the following account balances for the year ending December 31, 2021: Raw Materials Inventory (1/1/20) $ 47,000 Raw Materials Inventory (12/31/20) 44,800 Finished Goods Inventory (1/1/20) 85,000 Finished Goods Inventory (12/31/20) 77,800 Work in Process Inventory (1/1/20) 9,500 Work in Process Inventory (12/31/20) 7,500 Direct Labour 145, 100 Indirect Labour 18, 100 Accounts Receivable 27,000 Factory Insurance 7,400 Factory Machinery Depreciation 7,700 Factory Utilities 12,900 Office Utilities 8,600 Sales 465,000 Sales Discounts 2,500 Plant Manager's Salary 40,000 Factory Property Taxes 6,900 Factory Repairs 800 Raw Materials Purchases 62,500 Cash 28,000 REQUIRED: a. Prepare a cost of goods manufactured schedule. Assume all raw materials used were direct materials. b. Compute for the Gross profit