ILLUSTRATION 10 books and records of the Anand Manufacturing Company the folloynng data for the month of August, 2018: Direct labour cost 16,000 (160% of factory overhead) Cost of goods sold $56,000 Inventory accounts showed these opening and closing balances : August 1 $ August 31 $ Raw Materials 8,000 8,600 Work-in-Progress 8,000 12,000 Finished Goods 14,000 18,000 Other data: Selling Expenses $3,400 General and Administration Expenses $2,600 Sales for the month $ 75,000 You are required to prepares tatement showing cost of goods manufactured and sold and profit earned