Cost of Goods Manufacturing Schedule Emery Manufacturing Company uses a simple manufacturing accounting system. At the end of it fiscal year on December 31, 2019, the general ledger contains the following account balances. CREDITS Accumulated Depreciation$353,000 Notes Payable 45,000 Accounts Payable 38,200 Income Taxes Payable 9,000 Common Stock 352,000 Retain Earnings 205,300 Sales 996,000 DEBITS CASH $ 17,650 Accounts Receivable (net) 58.400 Finished Goods Invent.(beg) 63,000 Work In Process Invent.(beg) 35,000 Raw Materials Inventory(beg)_37,200 Plant Assets 850,000 Raw Materials Purchased 326,050 Direct Labor 208,090 Indirect Labor 27.400 Factory Repairs 17.800 Factory Depreciation 19,000 Factory Manager's Salary 50.500 Factory Insurance 11.000 Factory Property Taxes. 11,600 Factory Utilities 13.300 Indirect Materials 23,300 Selling Expenses 88.000 Administrative Expense 115,200 Income Tax Expense 44.850 On December 31, 2012, the ending balances were in the following inventory accounts: Finished Goods $54,600/Work in Process $20,320/Raw Materials $46,500. Instructions: Prepare the following a.) cost of goods manufactured schedule b.) cost of goods sold