The following data were taken from the records of Mavericks Inc, for the calendar year ended December 31, 2020.
		1-Jan	31-Dec
	Raw Materials Inventory	310,000	83,000
	Work in Process Inventory	161,000	103,750
	Finished Goods Inventory	22,000	57,600
	Additional Information:	Total Costs
	Raw Materials Purchases	301,250
	Direct Labor	315,000
	Indirect Labor	42,750
	Equipment Depreciation	61,000
	Utilities	50,750
	Other Costs	10,500
	Factory Manager's Salary	44,000
	SG&A Salary	85,500
	Insurance	10,500
	Factory Operations Cost:	% of total costs
	Utilities	60%
	Depreciation	55%
	Insurance	75%
	Other Costs	100%
	1. Prepare a cost of goods manufactured schedule as of December 31, 2020, in good form. (using excel)
	2. Provide a written Interpretation of the results