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Please help me with this. Create a cost of goods manufactured statement showing how all unknown amounts were determined The following miscellaneous data has been

Please help me with this. Create a cost of goods manufactured statement showing how all unknown amounts were determined

The following miscellaneous data has been collected for a manufacturing company for the year ended 12/31/2020.

Inventories:__________Beginning____________Ending

Raw material_________$50,000_____________$55,000

Work in process________40,000______________45,000

Finished goods_________60,000______________50,000

Costs recorded during the year:

Purchases of raw material________________$195,000

Direct labor_______________________________150,000

Cost of goods sold________________________595,000

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