Millville Company: 22. Cost of goods manufactured statement. The following data are from the accounts of Inventories July 1, 19A June 30, 191 Finished goods 120,000 128,000 Work in process 60,000 36,000 Materials 40,000 48,000 Sales discounts 8,000 Purchase discounts 3,200 Sales .. 1,800,000 Purchase returns and allowances... 20,000 Depreciation factory machinery 160,000 Factory insurance 50,000 Freight out 8,000 Other factory expenses 16,000 Bond interest expense 50,000 Sales salaries. 100,000 Freight in... 12,000 Direct factory labor. 800,000 Materials purchases 400,000 Advertising expense... 12,000 Required: Prepare a cost of goods manufactured statement for the year ended June 30, 19B. (CGAA adapted)