Solver the question below: The following inventory and cost data for the just completed year are taken from the accounting records of XYZ Company: Inventories Increase in raw materials Increase in work in process Decrease in finished goods Costs incurred Advertising expense Direct labour cost Purchases of raw materials Rent, factory building Indirect factory labour Sales commissions Utilities, factory Maintenance, factory equipment Supplies, factory Depreciation, office equipment Depreciation, factory equipment Required: (a) Calculate the cost of goods manufactured. (b) Calculate the cost of goods sold $4,000 32,000 90,000 $200,000 180,000 264,000 60,000 112,600 70,000 18,000 48,000 1,400 16,000 80,000