Classic Sound is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production department while the CEO splits her time 80/20% between developing new business and overseeing the production process. Information taken from the accounting records for the first three months of operations is shown below. Beginning raw materials inventory Purchases of raw materials $ 0 50,000 Ending raw materials inventory 25,000 Direct labour 40,000 Manufacturing overhead. 30,000 Beginning work in process inventory Ending work in process inventory 5,000 Purchase of production equipment 100,000 Rent for production facility 9,000 Required: 1. Prepare a schedule of cost of goods manufactured for the company for the month. (Do not leave any empty spaces; input a 0 wherever it is required.) CLASSIC SOUND Schedule of Cost of Goods Manufactured For the Quarter Ended xxx Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Raw materials available for use Deduct: Ending raw materials inventory Raw materials used in production Direct labour Total manufacturing costs Add: Beginning work in process inventory Deduct: Ending work in process inventory Cost of goods manufactured $ 0 0 0 $ 0