Saved Young Fashions Company produces children's clothing. During the current year, the company incurred the following costs Factory Rent Direct labor used Factory utilities Direct materials purchase Indirect materials Indirect labor $ 144, e00 525,800 120,000 850,000 106,000 90,000 Inventories for the year were danuary 1 December 31 Direct materials $220,000$155,00o Work in process 160,0128,000 310,000 Finished goods320,000 Required: Prepare a statement of cost of goods manufactured and cost of goods sol Essay Toolba This question will be sent to your instructor for grading.