QUESTION 3 Question three (5 points) The following data from the just completed year are taken from the scouting s Sales Direct labor cost. Raw material purchases, Selling expenses Administrative expenses. Manufacturing overhead applied to work in process Actual manufacturing overhead costs - Inventories Raw materials. Work in process. Finished goods. Required: $343,000 $35,000 $59,000 $70,000 $31,500 $45,000 $40,000 Beginning of Year End of Year $3,500 $7,500 $5,000 $2,500 $10,000 $17,500 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials