Question One (80 points) Green Company had the following inventory balances at the beginning and end of the year: January 1 December 31 Raw material $35,000 $27,000 Work in process (WIP) 170,000 140,000 Finished goods 265,000 242,000 Following figures are given for the year: Raw material purchased Direct labor costs Utilities for the factory Rent for the factory Indirect material Indirect Labor Sales Selling and administrative expenses Income tax rate Required: A. Prepare the cost of goods manufactured Schedule. $135,000 320,000 17,000 142,000 23,000 30,000 1,700,000 98,000 25% B. Prepare the cost of goods sold Schedule