Problem 14-5A (Part Level Submission) Empire Cnmpanrls a manufacturer or smartprans. ts oortrollar resianad in October 2017. An Inexperienced slstant accountant has prepared thatcllowinq inenme statement tor the month of October 2017 For the Honth Ended October 31, 2017 Raw materias punchates Mvetising expese Gelling and adriristrative salaries Rent on factory acities Depreiationn sales ec pent Depreiation n fattory equiment ndirect labur cost Utilities expense Insurance expens2 190,000 90,000 75,000 50,000 45,000 31,00U 12,0ou Net loas 23,000 rto ctober 2017, tna company had hean pre tahla you have acquired additicnal infarmation as folows v ry month. The company, presi ent s toncernad about the accuracy of the ncome statament. As har triend youhaVA heen asked o raMew tha lncome statement and m naressary tomactinns A tare an ather manutacturn cost da 1. Imrentory balanccs at the beginning and end of Octcber were October 31 18,000 20,000 30,000 20.000 Wark In process Finished ooods S0.000 Your answer is partially correct. Try again Prepare a schedule of cost of goods manufactured for October 2017. (Round answers to 0 decimal places, e.g. 125.) EMPIRE COMPANY Cost of Goods Manufactured Schedule or the Month Ended October 31, 2017 ork in Process Inventory, October 1 Direct Materials Used aw Materials Inventory, October 1 aw Materials Purchases otal Raw Materials Available for Use s1800 64000 82000 ess Raw Materials Inventory October 3 9000 otal Raw Materials Availa rect Labo anufacturing Overhead actory Facility Ren epreciation on Factory Equipmen ndirect Labo actory Utilitie actory Insurance otal Manufacturing Overhea $ 25300 90000 100 800 80 3280 otal Manufacturing Costs otal Cost of Work in Proces ork in Process Inventory, October 3:1 ost of Goods Manufactured