cost accounting

Prepare the statement of cost of goods manufactured for the year ended June 30, 2007. (1.3A) Prepare a statement of cost of goods manufactured and an income statement. (Objs. 10, 11). The following data pertain to the operations of the Clayton Company, a manu- facturer of porch furniture: Oct. 1, 2006 Sept. 30, 2007 $ 20,000 147,000 118,000 Inventories: Finished Goods Raw Materials Work in Process Raw Material Purchases Direct Labor Indirect Materials and Supplies Indirect Labor Other Manufacturing Overhead Sales Selling Expenses Administrative Expenses $ 25,000 136,000 122,000 284,000 236,000 47,000 84,000 157,000 1,246,000 265,000 87,000 Instructions 1. Prepare a statement of cost of goods manufactured for the year ended September 30, 2007. 2. Prepare an income statement statement. (Objs