Problem F - || Cost of Goods Manufactured and Sold (15 points) Selected account balances of McKnight Manufacturing Company appear below for 2014: Finished Goods Inventory Work In Process Inventory Raw Materials Inventory Sales Direct Labor Factory Supervisory Salaries Income Tax Expense Factory Insurance Raw Material Purchases Administrative Expenses Sales Returns and Allowances Factory Depreciation Indirect Labor Selling Expenses Beginning of Year End of Year $32,000 $ 25,000 35,000 30,000 26,000 46,000 360,000 40,000 18,000 25,000 9,000 75,000 17,000 15,000 22,000 1 1,000 27,000