Redwood Furniture Inc., a manufacturing firm, has supplied the following information from its accounting records for the month of February 2023:

Finished goods inventory, February 1$12,250

Work in process inventory, February 114,200

Raw materials inventory, February 113,500

Finished goods inventory, February 2813,750

Work in process inventory, February 2810,500

Raw materials inventory, February 2818,100

Factory supplies used12,000

Depreciation of factory equipment15,000

Depreciation of office building23,000

Salary of factory manager46,000

Factory rent63,000

Factory janitorial cost8,000

Marketing and promotion costs14,500

Factory Utilities24,000

Direct labour cost (5,000 hours used)32,000

Purchase of raw materials60,000

.

Required:

A.Create a Statement of Cost of Goods Manufactured in a proper format.

B.Create a Statement of Cost of Goods Sold