Question 1 (8 marks suggested time 10 - 12 minutes) The following amounts were taken from the general ledger of the Western Manufacturing Company. a) Prepare a formal cost of goods manufactured schedule for the company for the year ended December 31, 2021 b) Prepare a formal cost of goods sold schedule for the company for the year ended December 31, 2021 Raw materials inventory beg. of year Raw materials inventory end of year Work in process inventory beg. of year Work in process inventory - end of year Finished goods inventory beg of year Finished goods inventory - end of year Purchase of direct materials Indirect product costs General and administration expenses Direct labour Marketing expenses $50,000 56,000 100,000 70,000 36,000 50,000 30,000 82,000 25,000 164,000 40,000