The following information has been taken from General Ledger and other reports from La Iguana Verde Manufacturing Company, as of January 31, 2021: Raw Materials inventory, January 31 $ 30,330 Raw Materials inventory, January1st 25,125 Direct labor workers wages expenses 225,140 Supervisors factory salaries expenses 30,160 Sales personnel salaries expenses 52,133 Depreciation, factory building 83,223 Purchases of raw materials 154,000 Indirect materials 13,124 Factory utilities expenses 72,440 Nurse salaries expenses 45,000 Indirect labor 14,228 Administration salaries expenses 65,000 Depreciation of factory machines 28,667 Depreciation, sales office expenses 32,333 Work in process inventory January 1st 29,000 Work in process inventory January 31 32,000 Finished Goods inventory January 1st 48,000 Finished Goods inventory January 31 54,000

Instructions:

1. Prepare the statement of the cost of goods manufactured.

2. Prepare the statement of the cost of goods sold.