EXERCISE $2-11$ Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold

$[$LO$1,$ LO$3,$ LO$4]$

The following cost and inventory data for the just completed year are taken from the accounting

records of Eccles Company:

Required:

Prepare a schedule of cost of goods manufactured.

Prepare the cost of goods sold section of Eccles Company's income statement for the year.