Question: Question _ (10 points) Lovely Inc. reported the following data for last year ended December 31, 2022; Work in process inventory, ending $250 Finished goods

Question _ (10 points) Lovely Inc. reported the following data for last year ended December 31, 2022; Work in process inventory, ending $250 Finished goods inventory, beginning 300 Maintenance, factory 200 Direct labour cost 700 Selling salaries 375 Direct materials cost 800 Work in process inventory, beginning 150 Depreciation, factory 300 Depreciation, sales equipment 95 Finished goods inventory ending 400 Required: 1) Prepare a Schedule of Cost of Goods Manufactured in good form, for last year (7 marks) 2) Calculate the cost of goods sold
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