Can you please assist me in solving this problem? I have placed it on a word document.

Straightforward manufacturing statements The following information was extracted from the accounting records of Olympic Company for the year just ended: Sales $631,000 Work in process, Jan. 1 59,700 Advertising expense 26,500 Direct material purchases 234,500 Finished goods, Dec. 31 67,800 Indirect materials used 12,300 Direct labor 85,600 Direct materials, Jan. 1 45,500 Finished goods, Jan. 1 55,900 Direct materials, Dec. 31 38,200 Sales staff salaries 33,300 Work in process, Dec. 31 47,400 Indirect labor 50,700 Utilities, taxes, insurance, and depreciation are incurred jointly by Olympic's manufacturing, sales, and administrative facilities. The costs were as follows: Utilities $40,000 Taxes 25,000 Insurance 10,000 Depreciation 36,000 The first three costs are allocated proportionately on the basis of square feet occupied by the three functional areas. A review of the company's facilities revealed the following percentages would be appropriate: manufacturing, 50%; sales, 30%; and administrative, 20%. Depreciation is allocated 70, 20, and 10%, respectively. Instructions a. Prepare a schedule of cost of goods manufactured in good form. Direct materials used Beginning raw materials inventory Net purchases Direct materials available Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead Indirect materials used Indirect labor Utilities Taxes Insurance Depreciation Total manufacturing costs Add: Beginning work in process inventory Less: Ending work in process inventory Costs of goods manufactured Sales Cost of goods sold Beginning finished goods inv. Cost of goods manufactured Goods available for sale Less: Ending finished goods inv. Cost of goods sold Gross profit Operating expenses: Selling expenses: Advertising Sales staff salaries Utilities Taxes Insurance Depreciation Total selling expenses Administrative expenses: Utilities Taxes Insurance Depreciation Total administrative exp. Total operating expenses Net income a b Prepare a schedule of cost of goods manufactured in good form. Prepare an income statement in good form