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2 OUESTION The following data are from Tiger's Inc. accounting records at December 31, 2017: Sales Raw materials inventory, beginning Raw materials inventory, ending $1,000,000 80,000 20,000 To be determined 60,000 120,000 400,000 100,000 To be determined 40,000 20,000 To be determined 150,000 130,000 400,000 210,000 Purchases of raw materials Mortgage Direct labour Prime costs (total) Supplies-factory (60% apply to manufacturing) Commissions Work-in-process inventory, beginning Work-in-process inventory, ending Depreciation-factory Finished goods inventory, beginning Finished goods inventory, ending Gross margin Operating income 6000 -1 REQUIRED: 1. Prepare the schedule of COGM for year 2017 T Dict es account n-fan .Eshe e 20.. 2. Prepare the Income Statement for year 2017 ck. Lon Sales. /03 dM Dt0ao