The following data from the just-completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost $678,000 95,000 Raw material purchases 137,000 Selling expenses 105,000 Administrative expenses 48,000 Manufacturing overhead applied to work in process 215,000 Actual manufacturing overhead costs 230,000 Inventory Raw materials Work in process Finished goods Required: Beginning of Year $ 8,500 5,500 70,500 End of Year $10,500 20,500 25,500 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. ECCLES COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials used in production Total manufacturing costs Cost of goods manufactured 2. Prepare a schedule of cost of goods sold. ECCLES COMPANY Schedule of Cost of Goods Sold Adjusted cost of goods sold