Exercise 6 (5 points) Assume that Grand River Corporation has the following information for the month of March of the current year: Direct Material Finished Goods Work in Progress Inventory $10,500 $7,000 Inventory $16,000 $13,000 March 1 Inventory $19,000 $25,000 March 31 During the month of March, the company has purchased $33,000 in direct materials. Direct labor and manufacturing overhead accounted for $25,000 and $41,000 respectively. 1- Prepare a Schedule of Cost of Goods Sold (5 points)