2 A manufacturing company reports the following for the period: 3 4 Inventories 5 Raw materials 6 Work in process Finished goods 7 8 9 Activities for the period 10 Raw materials purchases 11 Direct materials used 12 Direct labor used 13 Overhead applied 14 Sales 15 Beginning $18,020 9,400 12,460 $8,100 14,120 9,200 11,040 40,000 Ending $12,000 11,200 8,630 + 17 1. Prepare a schedule of cost of goods manufactured. 18 19 (Use cells A4 to C14 from the given information to complete this question.) 20 21 22 23 24 25 Total manufacturing costs 26 27 Total cost of work in process 28 Schedule of Cost of Goods Manufactured 29 Cost of goods manufactured 30 31 2. Compute gross profit. 32 33 (Use cells A4 to C14 from the given information to complete this question.) 34 35 Gross profit 36 +