W nu juures udleu April 30, 2006. (1.2B) Prepare a statement of cost of goods manufactured. (Obj. 10). The data for the year ended July 31, 2007, that follow relate to the Bonner Phone Corporation. Raw Materials, August 1, 2006 Raw Materials, July 31, 2007 Work in Process Inventory, August 1, 2006 Work in Process Inventory, July 31, 2007 Materials Purchases Direct Labor Indirect Labor Payroll Taxes Expense-Factory Utilities Repairs and Maintenance Indirect Materials and Supplies Depreciation-Factory Equipment Insurance Rent-Factory Building $ 48,700 46,200 30,900 33,650 180,450 577,600 27,200 19,930 18,060 13,800 26,450 9,200 6,430 15,500 Instructions Prepare the statement of cost of goods manufactured for the year ended July 31, 2007