Compute the Cost of Goods Manufactured by completing the Cost of Goods Manufactured Schedule using the following cost data and account balances: Coconut Flakes Purchase $ 20,000 Account Balances Oven Depreciation $ 10,000 Beg. Direct Materials $ 50,000 Computer Insurance $ 5,000 Ending Direct Materials $ 60,000 Bakery Security Guard Wages $ 20,000 Beg. Work-In-Process Inventory S 10,000 Flour Purchased $ 25,000 Beg. Finished Goods $ 6,000 Bakers Salaries $ 50,000 Ending Work-In-Process Inventory $ 5,000 Bakery Electricity $ 1,000 Ending Finished Goods $ 8,000 Eggs Purchased $ 30,000 Cookies Produced 110,000 cookies Corporate Headquarters Heating $ 7,000 Cookies Sold 100,000 cookies Cookie Shipping $ 1,000 Actual Direct Labor Hours Used 500 hrs Butter Purchased $ 15,000 Baking Supervisor Salary $ 30,000 Sanitary Gloves Purchased (Worn by Bakers) $ 5,500 Sugar Purchased Date $ 20,000 Account/Explanation Debit Credit (g) (h) (a) (b) (c) Purchased materials on account, $115,500 Used materials (direct and indirect) Manufacturing wages incurred, $100,000 (d) (e) Record oven depreciation for the year Incurred other manufacturing overhead on account 0 Allocated manufacturing overhead for the year. fuse rate calculated in step 4 and actuar direct labor hours used. Record Cost of Goods Manufactured from 2 COGM Record revenue from sale of 100,000 cookies on account. 0 Record Cost of Goods Sold from 3 COGS