Part 3 Inventory Schedules and Cost of Goods Sold (16 points) EmilyAnne Company has the following information: Direct Labor Beginning Finished goods inventory Ending Finished goods inventory Manufacturing Overhead Applied Raw [direct) Materials used in Production Beginning Work in Process Inventory Ending Work in Process inventory Unapplied overhead (Underapplied) $ 60,000 $ 10,000 $ 40,000 $ 90,000 $50,000 $ 28,000 $ 70,000 $ 5,000 Required 1. IN GOOD FORM, prepare Work In Process and Finished Goods Inventory schedules resulting in an amount for Unadjusted Cost of Goods Sold. 2. Use the amount of Unapplied Overhead in determining the final amount of Cost of Goods Sold. EmilyAnne Company Inventory Schedules and Cost of Goods Sold $28,000 Beginning Work-In-Process Inventory Cost of Goods Manufactured Unadjusted Cost of Goods Sold Cost of Goods Sold