From the account balances listed below, prepare a schedule of cost of goods manufactured and cost of goods sold for Stamp Manufacturing Company for the month ended December 31, 2013.

Account Balances
Finished Goods Inventory, December 31	$63,000
Factory Supervisory Salaries	18,000
Income Tax Expense	27,000
Raw Materials Inventory, December 1	18,000
Work In Process Inventory, December 31	22,500
Sales Salaries Expense	21,000
Factory Depreciation Expense	12,000
Finished Goods Inventory, December 1	52,500
Raw Materials Purchases	142,500
Work In Process Inventory, December 1	30,000
Factory Utilities Expense	9,000
Direct Labor	105,000
Raw Materials Inventory, December 31	28,500
Sales Returns and Allowances	7,500
Indirect Labor	31,500

Required:

1. Prepare a schedule of cost of goods manufactured
2. Prepare a schedule of cost of goods sold.