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 0 Purchases of raw materials 60,000 Ending raw materials inventory 30,000 Direct labour 49,000 Manufacturing overhead 37,000 Beginning work in process inventory 0 Ending work in process inventory 7,000 Purchase of production equipment Rent for production facility 200,000 12,000 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.)