4. Using the following additional information for Abby Company, along with the information in #3 above, complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales $180,000 185,000 54,000 2,960,000 Work in process inventory, ending 58,000 Finished goods inventory, beginning 76,000 Finished goods inventory, ending 84,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. # 1: (Fill in the boxes) Direct materials: Abby Company Schedule of Cost of Goods Manufactured For the Year Ended December 31 Raw materials purchased Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead: $ 185,000 $ 905,000 ,000 161,000 Maintenance expense-Factory equipment 45,300 Total factory overhead ,500 Total manufacturing costs ,500 Add: 54,000 1,888,500 Less: Work in process inventory, ending Cost of goods manufactured ,000 $ 500