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$0Purchases of raw materials52,000Ending raw materials inventory26,000Direct labour41,800Manufacturing overhead31,400Beginning work in process inventory0Ending work in process inventory5,400Purchase of production equipment120,000Rent for production facility9,600

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.