$1,000,000 30,000 36,000 150,000 80,000 180,000 25,000 20,ee0 180,800 40,000 50,000 50,000 10,000 10,000 15,000 60,000 Sales revenue Work-in-process inventory, December 31 2 Work-in-process inventory, January 1 Selling and administrative expenses Income tax expense Purchases of raw material Raw-material inventory, December 31 Raw-material inventory, 3anuary 1 Direct labor Utilities: plant Depreciation: plant and equipment Finished-goods inventory, December 31 Finished-goods inventory, January 1 Indirect material Indirect labor Other manufacturing overhead 1 2. Prepare San Fernando Fashions' schedule of cost of goods sold for the year SAN FERNANDO FASHIONS COMPANY Schedule of Cost of Goods Sold For the Year Ended December 31, 20x2 Cost of goods available for sale Cost of goods sold