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Lovely Inc. reported the following data for last year ended December 31, 2022: Work in process inventory, ending $350 Finished goods inventory, beginning 300 Maintenance, factory 200 Direct labour cost 500 Selling salaries 375 Direct materials cost 800 Work in process inventory, beginning 200 Depreciation, factory 350 Depreciation, sales equipment 150 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