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 the 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 material inventory $0, purchases of raw material $50000, ending raw material inventory$25000, direct labor $40000, manufacturing overhead 30000, beginning work in process inventory$0, ending work in process inventory $5000 purchase of production equipment$100000, rent for production $9000 prepare a schedule of cost of goods manufactured for the company for the month