I need help with part B. the schedule of cost of goods manufactured and sold but I need it to use the terms that are in the first picture. please show formulas. thank you!

VENTRA MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31, Year 2 Beginning raw materials inventory $ 500 Plus: Purchases 26,500 Raw materials available for use 27,000 Less: Ending raw materials inventory (1,040) Direct raw materials used 25,960 Direct labor 33,040 Overhead (actual overhead cost) 43,400 Total manufacturing costs 102,400 Plus: Beginning work in process inventory Total work in process inventory 102,400 Less: Ending work in process inventory (8,360) Cost of goods manufactured 94,040 Plus: Beginning finished goods inventory 836 Cost of goods available for sale 94,876 Less: Ending finished goods inventory (7,524) Cost of goods sold $ 87,352 Page 512 LO 11-1, 11-2. 11-3 Exercise 11-14A Product cost flow and financial statements Loveland Manufacturing Company was started on January 1 Year I. The company was affected by the following events during its first year of operation. 1. Acquired $2.400 cash from the issue of common stock 2. Pald $720 cash for direct raw materials. 3. Transferred $480 of direct raw materials to work in process, 4. Pald production employees $720 cash. 5. Paid $360 cash for manufacturing overhead costs. 6. Applied $294 of manufacturing overhead costs to work in process, 7. Completed work on products that cost $1.200, 8. Sold produets that cost $960 for $1.680 cash. 9. Pald $480 cash for selling and administrative expenses 10. Made a $60 cash distribution to the owners. IL Closed the Manufacturing Overhead account Required Record these events in a horizontal statements model. The first event is shown as an example. Balance Sheet Income Statement Assets Equity Event No. Net Cash + MOH + Raw M. + WIP + F. Goods - C. Stk. + Ret. Ear, Rev. - Exp. Inc. 1. 2.400 + NA + NA NA+ NA - 00 NA NA- NA NA b. Prepare a schedule of cost of goods manufactured and sold