0 Requirements 1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2018. 2. Prepare an income statement for Denim Bones for the year ended December 31, 2018 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? 4. Denim Bones manufactured 17,600 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Balances: Beginning $ 14,000 $ Direct Materials Work-in-Process Inventory Finished Goods Inventory Ending 6,000 4,000 5,800 Other information: Direct materials purchases $ 34,000 400 Plant janitorial services Sales salaries 5,100 Delivery costs 1,100 112,000 Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor 1,700 15,000 1,100 15,000 Denim Bones Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Income Statement Year Ended December 31, 2018 Revenue: Cost of Goods Sold: Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? A manufacturer's cost of goods sold is based on its In contrast, a merchandiser's cost of goods sold is based on its Requirement 4. Denim Bones manufactured 17,600 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Cost per unit =