Problem 1 The following data (in thousands of dollars) have been taken from the accounting records of Washington Square Corporation for the just completed year Cost of Goods Manufactured $665 Purchases of raw materials $200 Direct labour $200 Manufacturing overhead $250 Administrative expenses $60 Selling expenses $40 Raw materials inventory beginning $ 20 Raw matenals inventory ending $ 100 Work in process inventory, beginning $ 25 Work in process inventory, ending $ 30 Finished goods inventory beginning $ 200 Finished goods inventory ending $175 Required Prepare a Schedule of Cost of Goods Sold using the form below: Washington Square Corporation Schedule of Cost of Goods Sold Finished Goods Inventory beginning Add: Type here to search o i hup Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory ending Finished goods inventory, beginning Finished goods inventory, ending $40 $ 20 $ 100 $ 25 $ 30 $ 200 $175 Required: a Prepare a Schedule of Cost of Goods Sold using the form below: Washington Square Corporation Schedule of Cost of Goods Sold Finished Goods Inventory beginning Add: