Devon Manufacturing produces a variety of products. Information taken from the company's accounting records at the end of the year is shown below. Beginning raw materials inventory Purchases of raw materials $ 0 200,000 Ending raw materials inventory 100,000 Direct labour 160,000 Manufacturing overhead 120,000 Beginning work in process inventory 0 Ending work in process inventory 20,000 Purchase of production equipment 400,000 Required: Prepare a schedule of cost of goods manufactured for the company. Direct materials: DEVON MANUFACTURING Schedule of Cost of Goods Manufactured For the year ended xxx Raw materials used in production Total manufacturing costs Cost of goods manufactured $ 0 0 0 0