ccounting & Auditing CGS & Income Stater Following data was reported for Ibrahim Cottage Textile for the year ended December 31, 2014: Administrative Expenses Rs. 150,000 Depreciation, factory equipment 19,000 Direct labor 70,000 F.G. inventory, beginning 20,000 F.G. inventory, ending 35,000 Indirect labor 30,000 Insurance, factory equipment 800 Maintenance, factory equipment Purchases of raw materials 118,000 Raw materials inventory, beginning 7,000 Raw materials inventory, ending 15,000 Rent, factory facilities 20,000 Sales 800,000 Supplies 4,200 Work in process, beginning Work in process, ending Required: Prepare a cost of goods sold statement kuditing 6,000 ngg celor Ado de starea unor urces Masood Tohore