Problem 1 Consider the following data: CostofgoodssoldDirectlaborDirectmaterialsusedCostofgoodsmanufacturedWorkinprocessendingFinishedgoodsendingActualoverheadSalesSellingexpensesAdministrativeexpenses$710$200$150$800$100$150$260$990$100$50 OH applied at 180% of DM\$. Show all computations. a) Prepare a schedule of COGM using OH applied. b) Prepare a schedule of COGS. c) Prepare an Income Statement