Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year $2020.$

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December $31,2020.$

$(1).$ Begin by calculating $(1)$ the cost of goods sold budget $($label it Schedule $7)$ for the year ending December $31,2020.$

$(2).$ Calculate the operating $($nonmanufacturing$)$ costs budget $($label it Schedule $8)$ for the year ending $[$

Schedule $8$: Operating $($Nonmanufacturing$)$ Costs Budget

for the Year Ending December $31,2020$

Data table