Cane Company is maacher of san phones araller resigned in October 2020 Annewertenced saltat count Nered the following income rement for the month of October 2020 Depreciationales quest Indirect labor cel Insurance expense Raw materials Work in process Finished goods October 1 Income State Prior to October 2020, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement, is her friend, you have been added to review the income statement and make necessary corrections. After namning other manufacturing cost dts, you have quired additional information as follows 1 Inventory balances at the beginning and end of October were: $19.600 Your Exsover is correct penct Labor 20600 Win Pro Everton Door 1 29,800 Raw Materventory Otober 1 The Movies Puntuar Factory Instan Factory Uslities Star Raw Materiah salast the Direct Material ed Indirect Labor Manufacturing Cuphead Leis Factory Facility Rent 2. Only 75% of the utilities expense and 60%% of the insurance opene apply to factory operations. The remaining amounts should le charged to selling and administrative activities Depreciation on Factory Equipme Prepare a schedule of cost of goods manufactured for October 2020 October 31 Toral Maxtacturing Overhead $264400 Total Cost of Work in Process $35.700 Cost of Conds Manufactured Textbook and Media 92.800 53.700 78.300 61.100 32.400 Raw Materian Inventory October 22 29.000 12.000 8.800

Prepare a correct income statement for october 2020

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