Rundle Manufacturing Company was started on January $1,$ Year $1.$ The company was affected by the following events during its first year of operation.

Acquired $$1,900$ cash from the issue of common stock.

Pald $$580$ cash for direct raw materlals.

Transferred $$430$ of direct raw materials to work in process.

Pald production employees $$690$ cash.

Paid $$310$ cash for manufacturing overhead costs.

Applied $$195$ of manufacturing overhead costs to work in process.

Completed work on products that cost $$1,120.$

Sold products that cost $$900$ for $$1,580$ cash.

Pald $$320$ cash for selling and administrative expenses.

Made a $$80$ cash distribution to the owners.

Closed the Manufacturing Overhead account.

Required

a$.$ Record these events in a horizontal statements model. The first event is shown as an example.

b$.$ Prepare a schedule of cost of goods manufactured and sold.

Complete this question by entering your answers in the tabs below.

Prepare a schedule onfost of goods manufactured and sold.

$\backslash$table$[[$RUNDLE MANUFACTURING COMPANY$],[$For the Year Ended December $31,$ Year $1],[,],[$Raw materials available,$],[$Raw materials used,$],[,],[$Total manufacturing costs,$],[$Total work in process inventory,$],[,],[$Cost of goods manufactured,$],[,],[$Cost of goods available for sale,$],[$Cost of goods sold,$]]$