Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Inventories for the year were as follows: Required: 1\&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Statement of Cost of Goods Manufactured } \\ \hline Direct materials & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Mactery overials used & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total factory overhead & & \\ \hline Total manufacturing costs & & \\ \hline & & \\ \hline Total manufacturing costs to account for & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}