The following data from the just-completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost $776,000 109,000 Raw material purchases 151,000 Selling expenses 119,000 Administrative expenses 62,000 Manufacturing overhead applied to work in process 229,000 Actual manufacturing overhead costs 258,000 Inventory Raw materials Work in process Finished goods Beginning of Year $ 9,900 6,900 71,900 End of Year $11,900 21,900 26,900 Required: 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 inventory, beginning Add: Purchases of raw materials Total raw materials available Deduct: Raw materials inventory, ending Raw materials used in production Direct labour Manufacturing overhead applied to work in process inventory Total manufacturing costs Add: Beginning work in process inventory Deduct: Ending work in process inventory Cost of goods manufactured 0 0 0 0 $ 0