Prepare a Cost of Goods Manufacture Schedule and also Cost of Goods Sold section of Income statement. The data is Given Below, Costs incurred: Direct labor cost Purchases of raw materials Manufacturing overhead Advertising expense Sales salaries... Depreciation, office equipment Inventories: Raw materials. Work in process Finished goods . $70,000 $118,000 $80,000 $90,000 $50,000 $3,000 Beginning of the year $7,000 $10,000 $20,000 .. End of the Year $15,000 $5,000 $35,000