1. Luckey Corporation's accounting records included the following data (in thousands of dollars) for the most recent year: Sales . $990 Purchases of raw materials $100 Direct labour $240 Indirect labour $100 Indirect Material $10 Other Factory Overhead $100 Administrative expenses $100 Selling expenses $140 Raw materials inventory, beginning* $20 Raw materials inventory, ending $80 Work-in-process inventory, beginning $50 Work-in-process inventory, ending $30 Finished goods inventory, beginning $160 Finished goods inventory, ending $150 *Raw Materials Inventory consist of only direct materials. a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. c. Prepare an income statement (for external reporting)