Date Saved: December 3, 2019 Time Saved: 4:07 PM Problem 2 (15 marks) The following accounts and balances pertain to Xenon Company for the year ended December 31, 2018. Cost of Goods Available for Sale $2,465,000 Depreciation Expense Manufacturing Equipment 162,000 Direct Labor 950,000 Finished Goods Inventory, January 1, 2018 413,000 Factory Insurance 100,000 Gross Profit 3,526,000 Indirect Labor 185,000 Indirect Materials 210,000 Raw Materials Available for Use M. 769,000 Raw Materials Inventory, January 1, 2018 54,000 Av Raw Materials Inventory, December 31, 2018 M 230,000 Sales 5,650,000 Work in Process Inventory, December 31, 2018 165,000 Required: Use the space provided on the following pages to: a. Prepare a schedule of cost of goods manufactured for Xenon Company for the year ended December 31, 2018. b. Prepare a schedule of cost of goods sold for Xenon Company for the year ended December 31, 2018