Various cost and sales data for Meriwell Company for the just-complete Finished goods inventory, beginning $ 23,000 Finished goods inventory, ending Depreciation, factory 46,000 15,000 Administrative expenses Utilities, factory 107,000 11,000 Maintenance, factory 49,000 Supplies, factory 11,000 Insurance, factory 3,200 Purchases of raw materials 128,000 Raw materials inventory, beginning 7,000 Raw materials inventory, ending 6,000 Direct labour 73,000 Indirect labour 17,000 Work-in-process inventory, beginning 20,000 Work-in-process inventory, ending 22,000 Sales 515,000 Selling expenses 72,000 Required: 1. Prepare a schedule of cost of goods manufactured. MERIWELL COMPANY Schedule of Cost of Goods Manufactured For the Year Just Completed Direct materials: Raw materials inventory, beginning Add: Purchases of raw materials Raw materials available for use 0 Deduct: Raw materials inventory, ending 6,000 Raw materials used in production Direct labour $ (6,000)