O 11 LesscX O 10 Man x 6 9 Lessorx 6 Blesson X O 7lessonx 6 6 Lesson X O 4 LessonX sson X 20sarain/Downloads/S%20Lesson pdf O Prime Video O view sourcehttps:/- End Of Season Sale.. YouTube Exercise (3) Carolina company had the following inventory balances at the beginning and end of 20x1 December 31, 20x1 70.000 220.000 220.000 Inventory classification Raw Materials January 1, 20x1 50.000 190.000 210.000 Work in process Finished goods During 20x1, the company purchased 290.000 of raw material and spent 480.000 for direct labor. Manufacturing overhead costs were as follow: 18.000 30.000 Indirect Material Indirect Labor 72.000 Depreciation on plant and equipment 35.000 Usiies 55.000 Other Sales revenue was 1.720.000 for the year. Selling and administrative expenses for the year amounted to 220.000. The firm's tax rate is 40%. 1)Prepare a schedule of cost of goods manufactured 2)Prepare a schedule of cost of goods sold 3)Prepare an income statement 4+ tu 144 ort sc