assignment 4.pat Page 1 of 2 Q PART 1 The following data (in thousands of dollars) have been taken from the accountin records of Cat Corporation for the year ended March 31t, 2021: Sales $1,650 Purchases of raw materials $475 Direct labour $250 Glue $20 Wages of factory security guard $40 Depreciation of equipment used in production $50 Administrative expenses $250 Marketing campaign for cat dishes $100 Sales commissions for sales team $75 Shipping expense for finished goods $30 Raw materials inventory, beginning $140 Raw materials inventory, ending $110 Work in process inventory, beginning $70 Work in process inventory, ending $60 Finished goods inventory, beginning $150 Finished goods inventory, ending $80 (a.) Prepare a formal schedule of cost of goods manufactured (i.e. in good form). (b.) Compute the cost of goods sold. (c.) Using data from your answers above as needed, prepare a traditional income statement in good form