as. The following information was taken from the accounting records of ABC company for last year- Particulars Selling expenses Raw materials inventory, January 1 Raw materials inventory, December 31 Utilities, factory Direct labour cost Depreciation, factory Purchase of raw materials Sales Insurance, factory Supplies, factory Administrative expenses Indirect labour Maintenance, factory Work in process inventory, January 1 Work in process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Amount in dollars 140,000 90,000 60,000 36,000 150,000 162,000 750,000 2,500,000 40,000 15,000 270,000 300,000 87,000 180,000 100,000 260,000 210,000 Required- a. Prepare schedule of cost of goods manufactured (8marks) b. Cost of goods manufactured (4marks) c. Compute the cost of goods sold(4marks) d. Prepare an income statement (8marks)