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2. The following table summarizes the accounts balances for Bowen & Bowen in 2019. Beginning of 2019 $ 85,472 $ 36,954 $ 25,874 Bowen &
2. The following table summarizes the accounts balances for Bowen & Bowen in 2019. Beginning of 2019 $ 85,472 $ 36,954 $ 25,874 Bowen & Bowen Direct material inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Plant utilities Property tax on plant building Idle time Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs End of 2019 $ 96,354 $ 25,638 $ 40,523 $ 62,452 $ 48,569 36,544 $ 9,852 $ 6,350 $ 2,450 $ 1,500 $ 19,542 $ 9,654 $ 136,540 S 216,543 Required: (1) Prepare a schedule for the cost of goods manufactured for 2019. (19 points) (ii) Prepare the income statement for 2019 assuming revenue total $984,786. (11 points)
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