Cyrus Ltd. is a local company that is involved in the production of packaging materials for specialty food products. An administrative assistant has provided the following alphabetized listing of account balances with respect to the year that has just ended: Advertising expense 1,300 Depreciationfactory building 700 Depreciationfactory machinery 1,700 Depreciationoffice equipment 280 Direct labour cost 22,000 Finished goods inventory, beginning 46,860 Finished goods inventory, ending 43,750 General liability insurance expense 220 Indirect labour cost 10,800 Insurance on factory 1,200 Purchases of raw materials 14,550 Raw materials inventory, beginning 1,980 Raw materials inventory, ending 3,050 Rent on administration facilities 2,300 Repairs and maintenance of factory 950 Sales salaries 2,100 Taxes on factory 350 Travel and entertainment expense 1,550 Work in process inventory, beginning 1,580 Work in process inventory, ending 1,070

Required:

a. Prepare a schedule of Cost of Goods Manufactured for the year.

b. Calculate Cost of Goods Sold for the year