Remaining Time: 1 hour, 50 minutes, 32 seconds. Question Completion Status: Question The following data relates to the Taylor, Inc: Direct Materials Inventory, Beginning $110 Direct Materials Inventory, Ending $80 Direct Materials Purchases $430 Direct Labor $210 Factory Overhead $240 Work-in-Process Inventory, Beginning $170 Work-in-Process Inventory, Ending $180 Finished Goods Inventory, Beginning $320 Finished Goods Inventory, Ending $240 Sales Revenue $1,520 Selling and Administrative Expenses $210 Income Tax Rate 21% Required: a. Prepare a Statement of Cost of Goods Manufactured. b. Prepare an Income Statement TTTT Paragraph Arial 3 [12pt) Ski Mashups 11