Jordan Company has the following information for the year ended December 31, 2018. Use the information to prepare a schedule of cost of goods manufactured and an income statement. Assume no indirect materials are used and all amounts are shown in millions.

Other information:
Sales Revenue .............................................. $ 253
Selling and Administrative Expenses ....................... 85
Direct Labor .................................................... 62
Manufacturing Overhead; actual and allocated ........... 20
Direct Materials Used ........................................ 31

Transcribed Image Text:

Beginning Ending Inventory Balances: Work-in-Process $ 5 24 16 Finished Goods 12 15