The Sebeka Company reports the following information pertaining to the month of January Materials Inventory Work in Process Inventory Finished Goods Inventory Ending Balance $ 15,000 30,000 50,000 Beginning Balance $ 45,000 70,000 40,000 During January, the company purchased $60.000 of direct materials and incurred $80,000 of direct labor costs. Total manufacturing overhead costs for the month amounted to $25,000 Selling and administrative expenses amounted to $100,000, and the company's January sales amounted to $500,000 o. Prepare Sebeka's schedule of the cost of finished goods manufactured b. Prepare Sebeka's income statement cgnore income taxes) Complete this question by entering your answers in the tabs below. Required A Required Prepare Sebeka's schedule of the cost of finished goods manufactured SEBEKA COMPANY Schedule of the Cost of Finished Goods Manufactured Prepare Sebeka's schedule of the cost of finished goods manufactured. SEBEKA COMPANY Schedule of the Cost of Finished Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 Manufacturing costs assigned to production: Direct materials used 90,000 Direct labor 80.000 Manufacturing overhead 25,000 195.000 S 195,000 Total cost of work in process Less Work in process inventory, January 31 Cost of finished goods manufactured 195.000 Prepare Sebeka's income statement (ignore income taxes). SEBEKA COMPANY Income Statement For the Month Ended January 31 Cost of good sold Selling and administrative expenses Gross profit on sales Sales Net loss $ $