anufacturing cost flows Comfy Seats Furniture Pty Ltd incurred the following costs during the year: Direct material Direct labour Manufacturing overhead applied S348000 648 000 360000 Products costing $240 000 were finished, and products costing $264 000 were sold on credit y $390 000. There were no purchases of raw material during the year. The balances in the firm's invento accounts at the beginning of the year were as follows: Raw materials Work in process Finished goods $454000 36000 60000 equired: Prepare ledger accounts to show the flow of costs through the company's manufacturing accounts during the year Prepare a partial balance sheet and a partial income statement to reflect the information given above