10 Problem 3-55 Cost of Goods Manufactured; Income Statement [LO 3-4] The following data pertain to Babor Company for the fiscal year ended December 31: 0.5 points Prior December 31 Current Skipped December 31 Purchases of materials Direct labor Indirect labor Factory insurance Depreciation-factory Repairs and maintenance-factory Marketing expenses General and administrative expenses Materials inventory Work-in-Process inventory Finished Goods inventory 187,500 125,250 49,500 8,900 35,250 13,700 147,150 87,350 61,750 17,800 24,400 eBook Print $27,500 15,250 17,900 References Sales in the current year were $628,000. Required Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company Complete this question by entering your answers in the tabs below Income stmt of COGMStatement Prepare a schedule of cost of goods manufactured for the current year for Babor Company Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Requirea: Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company Complete this question by entering your answers in the tabs below 0.5 points Income Skipped Stmt of COGMstatement Prepare a schedule of cost of goods manufactured for the current year for Babor Company Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 eBook Direct materials Print References Materials available Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured Stmt of Income Statement> 10 Sales in the current year were $628,000 0.5 points Required: Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company. Skipped Complete this question by entering your answers in the tabs below Stmt of coGMIncome Statement eBook Prepare an income statement for the current year for Babor Company Babor Company Income Statement For the Year Ended December 31 Print References Cost of goods sold Cost of goods available for sale Cost of goods sold Total selling & administrative expenses Stmt of COGM Income