Question 6 of 10 < > For the Month Ended October 31, 2022 Sales (net) $780,200 Less: Operating expenses Raw materials purchases $264,850 Direct labour cost 190,400 Advertising expense 89,900 Selling and administrative salaries 74,300 Rent on factory facilities 60,900 Depreciation on sales equipment 44,950 Depreciation on factory equipment 31.200 Indirect labour cost 28,650 Utilities expense 12,500 Insurance expense 8,750 Net Loss 806,300 $[26,100) -/10 Prior to October 2022, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information. 1. Inventory balances at the beginning and end of October were as follows: October 1 October 31 Raw materials $4,100 $29,950 Work in process 16,050 14,850 Finished goods 30,450 45,200 2. Only 79% of the utilities expense and 56% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. (a) Prepare a schedule of the cost of goods manufactured for October 2022. BLOSSOMCOMPANY Cost of Goods Manufactured Schedule Work In Process Inventory, October 1 Direct Material Raw Materials Inventory; October 1 For the Month Ended October 31, 2022 $ Raw Materials Purchases Total Raw Materials Avaliable for Use Less Raw Materials Inventory, October 31 Direct Materials Used Direct Labour Manufacturing Overhead Indirect Labour Renton Factory Facilities Depreciation on Factory Equipment Factory Insurance Factory Utilities Total Manufacturing Overhead Total Manufacturing Coats Total Cost of Work In Process Less Work In Process Inventory, October 31 Cost of Goods Manufactured $ $