Information for Maxim Manufacturing is presented below. Compute both the cost of goods manufactured and the cost of goods sold for Maxim Manufacturing. Please layout your steps to arrive the final calculation. Partial credits maybe given if your steps prove you understand the process even your final answer is wrong. Beginning raw materials inventor $36,800 Beginning work in process inventory 21,200 Direct labor 81,000 Beginning finished goods inventory 64,000 Total factory overhead 126,000 Raw materials purchased 21,500 Ending raw materials inventory 40,000 Ending work in process inventory 20,000 Ending finished goods inventory 46,000