5. The following data (in thousands of dollars) have been taken from the accounting records of Crisco Corporation for the just completed year. Sales ........... $950 Purchases of raw materials .$170 Direct labor......... . $210 Manufacturing overhead..... $200 Administrative expenses.. . $180 Selling expenses.... .$140 Raw materials inventory, beginning .$70 ACC 2230: Managerial Accounting 16e (G Proj Raw materials inventory, ending Work in process inventory, beginning.. Work in process inventory, ending........ Finished goods inventory, beginning...... Finished goods inventory, ending.. . $80 ... $30 $20 ..... $100 .$70 Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form. b. Compute the Cost of Goods Sold. c. Using data from your answers above as needed, prepare an Income Statement in good form