Kennedy Company reported the following amounts for the year 2020. Required: Prepare the Cost of Goods Manufactured Schedule for Kenndy Company. Direct materials purchased $80,000 Raw Materials inventory, Jan. 1, 2020 6,000 Raw Materials inventory, Dec. 31, 2020 5,000 Office expenses 12,000 Direct labour incurred 60,000 Marketing expenses 2,000 Work in process inventory, Jan. 1, 2020 10,000 Work in process inventory, Dec. 31, 2020 16,000 Factory overhead costs 10,000 A B I EE 8 3