ing The following data refer to Maximus Manufacturing Ltd for the current year: Time left 0:49:46 Raw material inventory, 1 January 102,500 Raw material inventory, 31 December 44,250 Work in process inventory, 1 January 1,500 Work in process inventory, 31 December 24,500 Finished goods inventory, 1 January 16,500 Finished goods inventory, 31 December 26,000 Additional information; Purchases of raw material $ 398,000 Direct labour cost incurred 218,000 Other manufacturing costs; Indirect labour cost incurred 77,000 Council rates 48,500 Depreciation on factory building 61,500 Indirect material used 31,000 Depreciation on factory equipment 43,500 Insurance on factory and equipment 19,500 Electricity for factory 48,500 Required: 1. Schedule of cost of goods manufactured for Maximus Manufacturing Ltd. (3.5 Marks) 2. Schedule of cost of goods sold for Maximus Manufacturing Ltd. (2.5 Marks)