From the data presented below, determine mot o to be shown on the income statement of the Langley Corion for the month of September 2006. (4E) Calculate the cost of goods sold. (Obj.7). Finished Goods, September 1, 2006 Finished Goods, September 30, 2006 Cost of Goods Manufactured S 64,820 71,420 197.720 4,870 Loss on Reduction of Inventory to Market (4.9) Calculate the cost of goods sold. (Ob,.). From the data presented below, d cost of goods sold to be shown on the income statement of the Omega Manufacturing Com- pany for the month of June 2006. Finished Goods, June 1, 2006 Finished Goods, June 30, 2006 Cost of Goods Manufactured Recovery From Decrease in Allowance for $145,270 138,380 402,910 Reduction of Inventory to Market 5,360 (4.10) Journalize inventory at the lower ofcost or market (Obi