Coronado Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. CORONADO COMPANY Income Statement For the Month Ended October 31, 2020 Sales revenue $793,300 Less: Operating expenses Raw materials purchases $263,100 Direct labor cost 190,000 Advertising expense 92,600 Selling and administrative salaries 76,800 Rent on factory facilities 62,900 Depreciation on sales equipment 44,000 Depreciation on factory equipment 33,000 Indirect labor cost 30,000 Utilities expense 11,400 Insurance expense 8,200 812,000 Net loss $(18,700) Prior to October 2020, the company had been profitable every month. The companys president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows. 1. Inventory balances at the beginning and end of October were:

		October 1		October 31
Raw materials		$19,500		$35,300
Work in process		19,600		14,200
Finished goods		30,000		53,800

2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.

Prepare a schedule of cost of goods manufactured for October 2020.

CORONADO COMPANY Cost of Goods Manufactured Schedule