Problem 1 Agrarian Manufacturing Company incurred the following costs and expenses during the current year: Advertising Depreciation-factory building Depreciation-sales equipment Direct labor Factory repairs and maintenance Indirect labor-factory Office salaries Raw material purchases Sales salaries Taxes on factory building Taxes on salesroom and general office Utilities (60% applicable to factory, 25% to salesroom, and 15% to office The inventories are as follows: Beginning Raw materials $ 300,000 Work in process 400,000 Finished goods 500,000 $ 400,000 300,000 50,000 1,500,000 200,000 800,000 700,000 4,000,000 500,000 100,000 150,000 500,000 $ Ending 450,000 350,000 700,000 Required: Prepare the schedule of cost of goods manufactured