The following cost and inventory data are taken from the accounting records of Julie Company for the year just completed: Hint - there may be more line items than needed when calculating manufacturing overhead. Costs incurred: Direct labour cost Purchases of raw materials Indirect labour Maintenance, factory equipment Advertising expense Insurance, factory equipment Sales salaries Rent, factory facilities Supplies Depreciation, office equipment Depreciation, factory equipment $ 72,000 122,000 31,000 6,200 92,00 920 52,000 25,000 4,800 22,000 3.700 Beginning of the Year End of the Year Inventories: Raw materials Work in process Finished goods $ 8,200 10,500 38,300 $16,700 5,350 23,450 Required: 1. Prepare a schedule of cost of goods manufactured Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use Raw materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs Total work in process inventory Cost of goods manufactured 2. Prepare the cost of goods sold section of the company's income statement for the year. Income Statement (Partial) For the year just completed Goods available for sale Cost of goods sold