1) Weisinger Corporation has provided the following data for themonth of January:Inventories: Beginning EndingRaw Materials $28000 $29000Work in process $16000 $14000Finished goods $42000 $54000Additional information:Raw materialspurchase-$56000Direct laborcost-$87000Manufacturing overhead costincurred- $51000Indirect materials included in manufacturing overhead cost incurred$3000Manufacturing overhead cost applied to Work in process$55000Required: Prepare a Schedule of Cost of Goods Manufactured and aSchedule of Cost of Goods Sold in good form.