The following data is for JKL Company: Sales $525,000 Selling expenses $140,000 Direct bor cost $80,000 Administrative expenses $75,000 Raw material purcases $110,000 Raw materials-beginning Raw material-ending WIP-beginning WIP-ending $15,000 $9.000 $11,000 $7,000 Finished goods-beginning $30,000 Finished goods-ending $22,000 Manufacturing overhead applied to WIP $91,000 Actual manufacturing overhead costs $85,000 Required: A) Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. B) Prepare a schedule of cost of goods sold. Assume the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.