Problem 1o-4 (Part Level Submission) The following data were taken from the records of Novak Company for the fiscal year ended June 30, 2017. Raw Material Inventory 7/1/16 Raw Material Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $50,400 Factory Insurance 49,700 Factory Machinery Depreciation 97,000 Factory Utilities 25,500Office Utilities Expense 27,800 Sales Revenue 22,200 $5,100 18,500 31,100 8,650 557,500 Sales Discounts Plant Manager's Salary 4,500 149,050 64,400 26,860Factory Property Taxes 29,700 Factory Repairs 9,610 Raw Material Purchases Cash 2,200 99,300 34,000 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) NOVAK COMPANY Cost of Goods Manufactured Schedule