LYC Company had the following account balances for the year ending December 31: Work-in-process inventory (January 1) $ 14,040 Work-in-process inventory (December 31) 17,100 Finished goods inventory (January 1) 54,000 Finished goods inventory (December 31) 51,000 Direct materials used 37,800 Indirect materials used 8,400 Direct manufacturing labor 48,000 Indirect manufacturing labor 18,600 Property taxes on manufacturing plant building 2,880 Salespersons' company vehicle costs 1,200 Depreciation of manufacturing equipment 26,400 Depreciation of office equipment 12,360 Miscellaneous plant overhead 13,500 Plant utilities 9,240 General office expenses 30,540 Marketing distribution costs 3,000 Required: a. Prepare a cost of goods manufactured schedule for the year. b. Prepare a cost of goods sold schedule for the year.