9:41 00 Cut will 50% Document View . . . Problem 1 20 points Orlando Manufacturing had the following data for the period just ended: Work in process, Jan. 1 $ 17,000 Work in process, Dec 31 35,000 Finished Goods, Jan. 1 64,000 Finished Goods, Dec. 31 65,000 Direct Materials Used 140,000 Direct Labor 260,000 Factory Depreciation 70,000 Sales 945,000 Selling and Gen & Admin Exp 178,000 Factory Utilities 35,000 Indirect Materials 19,000 Indirect Labor 38,000 Income Tax rate= 20% Required: A. Calculate Orlando's Cost of Goods Manufactured. B. Calculate Orlando's Cost of Goods Sold. C. Prepare an Income Statement ? Helpful Unhelpful Ask Expert Tutors