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 Direct labour Purchases of raw materials Manufacturing overhead 53,000 Ending raw materials inventory 26,500 42,700 32,100 Beginning work in process inventory e Ending work in process inventory 5,600 es Purchase of production equipment Rent for production facility 130,000 9,900 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 Direct materials For the Quarter Ended xxx < Prev 15 of 17 Next >