Prior to October 2022, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows. Inventory balances at the beginning and end of October were: October 1 October 31 Raw materials $18,000 $29,000 Work in process 20,000 14,000 Finished goods 30,000 50,000 Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. Instructions Prepare a schedule of cost of goods manufactured for Octo