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Given the following information, prepare a sched inventory balances to arrive at the nowing information, prepare a schedule for the cost of goods manufactured and other wrences to arrive at the Cost of Goods Sold for Madeline Company for August 2017. 52,000 OT *** s used were supplies for the factory. The remainder were used directly in the production product. Any under or over-applied overhead is closed to cost of goods sold. Raw Materials Inventory August 1, 2017 Estimated Raw Materials Inventory August 31, 2017 Work-in-Process Inventory August 1, 2017 Estimated Work-in-Process Inventory August 31, 2017 Finished Goods Inventory August 1, 2017 Estimated Finished Goods Inventory August 31, 2017 Purchases of Raw Materials Direct Manufacturing Labor Indirect Manufacturing Labor Insurance - Plant Insurance - Corporate offices Depreciation - manufacturing equipment Sales Commissions Product Delivery costs Other factory overhead Overhead allocated to jobs Under/over applied overhead 190,000 222,000 127,000 95,000 358,000 330,000 796,000 385,700 95,000 33,000 25,000 48,000 17,000 38,000 134,000 307,000 TBD