The following miscellaneous data has been collected for Sawyers Manufacturing Company for the mo recent year-end: Inventories: Raw material Work in process Finished goods Costs recorded during the year: Purchases of raw material Direct labor Cost of goods sold Beginning $50,000 Ending $55,000 40,000 45,000 60,000 50,000 $195,000 150,000 595,000 Required: Prepare statements of cost of goods manufactured and cost of goods sold showing how all unknown amounts were determined.