The following data from the just-completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Beginning of Year End of Year Inventory Raw materials Work in process Finished goods $ 8,800 5,800 70,800 $ 10,800 20,800 25,800 $699,000 98,000 140,000 108,000 51,000 218,000 236,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Direct materials: ECCLES COMPANY Schedule of Cost of Goods Manufactured Raw materials used in production Total manufacturing costs 0 0 0 0 Cost of goods manufactured $ 0 2. Prepare a schedule of cost of goods sold. ECCLES COMPANY Schedule of Cost of Goods Sold 0 0 Adjusted cost of goods sold $ 0