Cost of goods sold for the Toronto Corporation for the month of June 20X6 was $800,000. Work in process inventory at the end of June was 75% of work in process inventory at the beginning of June. Manufacturing overhead is 120% of direct labor cost. During June, S450,000 of direct materials were purchased. Other data about Toronto's inventory and production for June are attached. REQUIRED: (1) Prepare a schedule of cost of goods sold for June. Round all calculations 10 the nearest whole dollar. Prepare a statement of cost of goods manufactured for June. Round all calculations to the nearest whole dollar. Prepare a schedule to calculate the prime costs incurred during June Prepare a schedule to calculate the conversion costs incurred during June (3) (4) TORONTO CORPORATION DATA FOR INVENTORY AND PRODUCTION FOR MONTH OF JUNE Beginning Inventories, June 1: Direct Materials Work in Process Finished Goods $ 60,000 90,000 180,000 S Ending Inventories, June 30: Direct Materials Work in Process Finished Goods 35,000 2 170,000