The following data have been taken from the accounting records of Graham Corporation for the year ended December 31, 2019. Total manufacturing overhead costs incurred $338,000 Manufacturing overhead applied to Work in Process 345,000 Purchases of raw materials 235,000 Direct labor 135,000 Raw materials inventory - January 1, 2019 10,000 Raw materials inventory - December 31, 2019 15,000 Work in process inventory - January 1, 2019 20,000 Work in process inventory - December 31, 2019 35,000 Finished goods inventory January 1, 2019 75,000 Finished goods inventory December 31, 2019 90,000

a. Prepare a Schedule of Cost of Goods Manufactured for the year. b. Prepare a Schedule of Cost of Goods Sold for the year.