As the newly hired staff accountant for CMA Products, you have been asked to prepare an Income Statement to show to the President of the Company. Being the bright and energetic accountant that you are, you immediately realize (through your training in college) that you must first prepare a Cost of Goods Manufactured Statement (COGM). Your supervisor was able to rummage up the following information for you: Cost Type* Sales ......... VDL Direct Labor VDM Indirect Labor Purchases of Direct Materials Indirect Materials Depreciation - Office Building FOH Depreciation Factory Building. Insurance - Office Building ...... Insurance Factory Building Property Taxes, Factory..... Repairs, Factory - - FPD Administrative Salaries VPD Salespeople Salaries....... Advertising expense Accounts receivable Accounts payable Section of Income Statement* ... $100,000 19,000 8,000 11,000 1,500 1,100 1,200 900 1,300 500 2,000 8,000 5,000 6,000 3,000 4,000 IS GOGM COGM IS IS IS IS BS

As the newly hired staff accountant for CMA Products, you have been asked to prepare an Income Statement to show to the President of the Company. Being the bright and energetic accountant that you are, you immediately realize (through your training in college) that you must first prepare a Cost of Goods Manufactured Statement (COGM). Your supervisor was able to rummage up the following information for vous As the newly hired staff accountant for CMA Products, you have been asked to prepare an Income Statement to show to the President of the Company. Being the bright and energetic accountant that you are, you immediately realize (through your training in college) that you must first prepare a Cost of Goods Manufactured Statement (COGM). Your supervisor was able to rummage up the following information for vou. "Key: [V= Variable; F= Fixed; DM= Direct Materials; DL= Direct Labor; OH= Overhead; PD = Period Cost; COGM = Cost of Goods Manufactured; BS= Balance Sheet; IS = Income Statement] Required: 1. Prepare a Cost of Goods Manufactured Schedule for 20X9. 2. Prepare an Income Statement for 20X9