Back Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 10,800 Purchases 55,000 Avail. for use 65,800 DM used 48,000 End. Inv. 17,800 Work in Process Inventory Begin. Inv. 17,800 DM used 48,000 Direct labor 30,900 Overhead 67,000 Manuf. costs 163,700 Cost of goods manuf. 151,200 End. Inv. 12,500 Finished Goods Inventory Begin. Inv. 19,300 Cost of goods manuf. 151,200 Avail. for sale 170,500 Cost of Goods Sold 152,500 End. Inv. 18,000Required:1. Prepare the schedule of cost of goods manufactured for the year.2. Compute cost of goods sold for the year.