F.M. Hoyt Shoe Company provided the following information regarding their manufacturing operations:

Raw materials purchases ....$255,000

Direct labor cost............$120,000

Manufacturing overhead applied to work in process..........$75,000

Actual manufacturing overhead............$72,000

Beginning raw materials inventory............$74,000

Ending raw materials inventory.........$65,000

Beginning work-in-process inventory...$88,000

Ending work-in-process inventory.....$75,000

Beginning finished goods inventory.....$98,000

Ending finished goods inventory.......$86,000

Prepare a cost of goods manufactured statement and a schedule of cost of goods sold.