4 1.75 po During the accounting period, Baird purchased $238.100 of raw materials and issued $248,900 of materials to the production department Direct labor costs for the period amounted to $322.400, and manufacturing overhead of $47.200 was applied to work in Process Inventory. Assume that there was no over or underapplied overhead. Goods costing $610.800 to produce were completed and transferred to Finished Goods Inventory Goods costing 5601400 were sold for 3801.400 during the period. Selling and administrative expenses amounted to $70,200. Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year end balance sheet. b. Prepare a schedule of cost of goods manufactured and sold and an income statement Complete this question by entering your answers in the tabs below. Red A Req BCGM Sched Reginc Stme Prepare a schedule of cost of goods manufactured and sold reces BARD CORPORATION Schedule of cost of goods manufactured and cold For the year ended Yoar 2 Raw materials said Rira materials used Total manufacturing costs 0 Total work in process inventory 0 Gost of goods manufactured Goods available for sale D Cost of goods sold 0 (RGA Roq B Inc Stml> 4 Exercise 11-11A (Algo) Preparing financial statements LO 11-5 Baird Corporation began fiscal Year 2 with the following balances in its inventory accounts, 3.75 points Raw Materials Work in Process Finished Goods $55,400 82,500 26,800 clock During the accounting period, Baird purchased $238.100 of raw materials and issued $248.900 of materials to the production department Direct labor costs for the period amounted to $322,400, and manufacturing overhead of $47.200 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $610,800 to produce were completed and transferred to Finished Goods Inventory, Goods costing 5601,400 were sold for $801,400 during the period. Selling and administrative expenses amounted to $70.200. Hie Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet b. Prepare a schedule of cost of goods manufactured and sold and an income statement Det Complete this question by entering your answers in the tabs below. References Reg A Reg 8 CGM Sched Reg B Inc Stmt Prepare an income statement BARD CORPORATION Income Statement For me year ended Year 0 0 ReqBCGM Sched