Preparing a Schedule of Cost of Finished Goods Manufactured, Cost of Goods Sold Schedule, and an Income Statement. Listed below is information related to Teller Cos manufacturing activities for the month of February 2014. Ending Balance Beginning Balance Materials Inventory $16,000 $11,000 Work in Process Inventory 4,000 85,000 Finished Goods Inventory 17,500 90,000 During February 2013, Teller Company purchased $14,000 of raw materials and incurred direct labor costs of $19,000. The company applies overhead at a rate of 30% of direct labor cost. General, selling and administrative costs amounted to $42,000, and the company sold 6,050 units of its product at a price of $29.80 each. Directions: A) Prepare Tellers schedule of cost of finished goods manufactured for February 2013. B) Determine Tellers cost of goods sold during February 2013. C) Prepare Tellers income statement for the month ended February 28, 2013(ignoring interest expense and income taxes)