@ D O 90% 20:11 Osman 22 Just now ACTIVITIES 1. Ziscosteel, a manufacturer of recyclable plastic bags, had the following in balances at the beginning of 2012 INVENTORY CLASSIFICATION 1 Jan 18 31-Dec-18 Raw Material 40.00000 5000000 Work in Progress 180,000.00 119.000.00 Finished Goods 150,000.00 165,000.00 During the year, the company purchased $250 000 of raw material and spent $400 000 on direct labour. The manufacturing overhead costs were as follows: indirect material 50 000.00 indirect labor 25.000.00 Depreciation on plant equipment Sales revenue for the year was $1 105 000,00. Selling and administrative e for the year amounted to 1100 00.00. The firm's tax rate is 409 a) Prepare a schedule for Prepare a schedule of cost of goods manufactured b) Establish the cost of goods sold c) Construct an income statement