Current Attempt in Progress The following information is available for Cullumber Company at December 31, 2022: 1. Inventory balance Beginning of Year End of Year Finished Goods $14,840 $10,600 Work in Process 6,360 12,720 Raw Materials 10,918 6,890 2. Debit postings to Work in Process Inventory during the year were: Direct materials $95,400 Direct labor 63,600 Manufacturing overhead applied 79,500 3. Sales totaled $328,600 for the year. Prepare a condensed cost of goods manufactured schedule. CULLUMBERCOMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 Work in Process Inventory, January 1 6360 Direct Materials Used $ 95400 Direct Labor 63600 Manufacturing Overhead Applied 79500 Total Manufacturing Costs 238500 Total Cost of Work in Process Inventory 244860 Less Work in Process Inventory. December 31 12720 Cost of Goods Manufactured 233140 Question 6 of 10 5/10 Prepare an income statement for the year through gross proft. CULLUMBERCOMPANY (Partial) Income Statement For the Year Ended December 31, 2022 Sales Revenue 328,600 Cost of Goods Sold Finished Goods Inventory, January 1 . $ 14,840 Cost of Goods Manufactured 232140 Cost of Goods Available for Sale 246980 Less : Finished Goods Inventory. December 31 : 10600 Cost of Goods Sold Gross Pront $