Sales $ 651,000 Direct labor cost $ 80,000 Raw material purchases $ 139,000 Selling expenses $ 104,000 Administrative expenses $ 47,000 Manufacturing overhead applied to work in process $ 209,000 Actual manufacturing overhead costs $ 227,000 Inventories Beginning Ending Raw materials $ 8,900 $ 10,800 Work in process $ 5,200 $ 20,200 Finished goods $ 74,000 $ 25,500 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement. How do I find the cost of goods manufactured