Good Vibrations, live. produces recordings of musical performances A newly hired executive of the company has asked you to sort through the records and Prepare statement of cost of goods manufactured and an income statement (L.O. 4) FINANCIAL AND MANAGERIAL ACCOUNTING: KEY PRINCIPLES VADE EASY prepare a statement of the company's cost of goods manufactured. You find the following data from records prepared by Cod Vibrations, Inc.. for the year ended December 31, 2013: You also learn that beginning Finished Goods Inventory on January 1, 2013, was 520,000 and ending Finished Goods Inventory on December 31, 2013, was S5.000. S:ilcs for the year were $400,000. Selling expenses were S50.000 and administrative expenses were? $75.000 Beginning Direct Materials Inventory, January 1, 2013 Ending Direct Materials Err. entity, December 31, 2013 Beginning Walk n process Inventory. January 1, 2013 Ending in Process [December 31, 2013 Materials purchases direct Labor indirect Labor Factory utilities Expense fact cry Supplies Expense Depreciation Expense-Factory Building Depreciation Expense-Factory equipment Other Overhead Prepare a statement of cost of goods manufactured for (good Vibrations, Inc.. for the year ended Dccember31, 2013. Prepare an income statement for Good Vibrations, Inc.. for the year ended December 31, 2013