Use the information below to prepare a COGM statement and a COGS statement for ABC Corporation as of June Inventories Raw Materials, July 1 32,000 Raw Materials, June 30 28,000 Work in Process, July 1 33,780 Work in Process, June 30 Finished Goods, July 1 37,460 56,970 Finished Goods, June 30 62,000 Administrative Salaries 135,000 Depreciation Expense - Office Equip 24,800 Depreciation Expense - Delivery Vehicle 36,200 52,400 Depreciation Expense Factory Equip Sales Discounts 29,000 Factory maintance Advertising Expense 7,500 22,350 Direct Labor 268,000 Factory Supplies used 12,000 Income Tax Expense 91,500 Indirect Labor 35,000 Indirect Material 24,000 15,500 Factory insurance Factory utilities 14,000 Raw Material Purchases 325,000 Rent Expense - Factory 50,000 Rent Expense - Office 24,000 Rent Expense - Selling Sales salaries Expense 24,000 97,500 Sales 1,452,000