Sales Factory utilities expense Purchases of raw materials Direct labor Factory depreciation Administrative expenses Factory supervision Factory maintenance Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 850,000 40,000 100,000 120,000 40.000 150,000 20,000 70,000 130,000 25,000 55.000 45,000 10.000 145.000 135,000 Prepare a Schedule of Cost of Goods Manufactured and an Income Statement