E2-27A (similar to) Question Help Prepare the income statement for Blue Sea Company for the most recent year. Use the calculation of cost af goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 34,000 units of its product at a price of $14 each during the year (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) Reference Blue Sea Company Income Statement For Current Year Blue Sea Manufacturing Calculation of Cost of Goods Sold For Current Year Less: Beginning finished goods inventory Plus: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold 18,000 213,300 231,300 24,000 $ 207,300 Less: Print Done E2-27A (similar to) Question Help * Prepare the income statement for Blue Sea Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 34,000 units of its product at a price of S14 each during the year (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) i Reference Blue Sea Company Income Statement For Current Year Blue Sea Industries Calculation of Cost of Goods Manufactured For Current Year 39,000 Beginning work in process inventory Plus: Manufacturing oosts incured Less: Direct materials used Direct labor Manufacturing overhead 66,000 81,000 63,300 249,300 36,000 $ 213,300 Less: Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured (CGM) PrintDone Choose from any list or enter any number in the input fields and then click Check Answer. E2-27A (similar to) Question Help * Prepare the income statement for Blue Sea Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 34,000 units of its product at a price of $14 each during the year Ell (Click the icon to view the amounts.) Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) Data Table Blue Sea Company Income Statement For Current Year End of Year S 9,000 Beginning End of of Year Year Less: Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor S 22,000 S 33,000 Insurance on plant S 39,000 S 18,000 $ $ $ S 36,000 Depreciation-plant building and equipment S 24,000 Repairs and maintenance-plant. S 12,700 Less: S 3,600 S 78,000 S 28,500 77,000 Marketing expenses 81,000 38,000 General and administrative expenses PrintDone