A manufacturing company reports the following for the period: Inventories Raw materials Work in process Finished...

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A manufacturing company reports the following for the period: Inventories Raw materials Work in process Finished goods Beginning $ 18,020 9,400 12,460 Ending $ 12,000 11, 200 8,630 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales 14,120 $ 8,100 9, 200 11,040 40,000 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit. A manufacturing company reports the following for the period: Inventories Raw materials Work in process Finished goods Beginning $ 18,020 9,400 12,460 Ending $ 12,000 11, 200 8,630 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales 14,120 $ 8,100 9, 200 11,040 40,000 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.