Following $is$ information from the records $of$ the Savoy Company for July. Required

Prepare a statement of cost of goods manufactured and an income statement. Actual overhead costs are assigned to products.

Note: Do not use any negative signs in your statements $\backslash$table$[[$Sta$,$y$,\backslash$table$[[$factured$]],],[$Current manufacturin,,,$],[$Cost of materials plac,,,$],[$Raw materials, $7/1,,$$Total available,,,$$],[$Direct labor,,,$],[$Manufacturing overhe,,,$$,],[$Production employ,,,$],[$Depreciation on pl$,,,],[$Production supervi:,,,$],[$Plant maintenance,,,$],[$Plant utilities,,,$],[$Production equipm,,,$],[$Work$-$in$-$process, Less: work$-$in$-$process,,,,$$]]$

$\begin{array}{cc}\text{P}\text{u}\text{r}\text{c}\text{h}\text{a}\text{s}\text{e}\text{s}& ?\\ ?& \text{R}\text{a}\text{w}\text{m}\text{a}\text{t}\text{e}\text{r}\text{i}\text{a}\text{l}\text{s}\\ \text{\$}165& 000\\ \text{M}\text{a}\text{n}\text{u}\text{f}\text{a}\text{c}\text{t}\text{u}\text{r}\text{i}\text{n}\text{g}\text{s}\text{u}\text{p}\text{p}\text{l}\text{i}\text{e}\text{s}& 2\\ 750& \text{O}\text{f}\text{f}\text{i}\text{c}\text{e}\text{s}\text{u}\text{p}\text{p}\text{l}\text{i}\text{e}\text{s}\\ 1& 100\\ \text{S}\text{a}\text{l}\text{e}\text{s}& 641\\ 850& \text{A}\text{d}\text{m}\text{i}\text{n}\text{i}\text{s}\text{t}\text{r}\text{a}\text{t}\text{i}\text{v}\text{e}\text{s}\text{a}\text{l}\text{a}\text{r}\text{i}\text{e}\text{s}\\ 50& 600\\ \text{D}\text{i}\text{r}\text{e}\text{c}\text{t}\text{l}\text{a}\text{b}\text{o}\text{r}& 115\\ 500& \text{P}\text{r}\text{o}\text{d}\text{u}\text{c}\text{t}\text{i}\text{o}\text{n}\text{e}\text{m}\text{p}\text{l}\text{o}\text{y}\text{e}\text{e}\text{s}\text{'}\text{f}\text{r}\text{i}\text{n}\text{g}\text{e}\text{b}\text{e}\text{n}\text{e}\text{f}\text{i}\text{t}\text{s}*\\ 11& 550\\ \text{S}\text{a}\text{l}\text{e}\text{s}\text{s}\text{a}\text{l}\text{a}\text{r}\text{i}\text{e}\text{s}\text{a}\text{n}\text{d}\text{c}\text{o}\text{m}\text{m}\text{i}\text{s}\text{s}\text{i}\text{o}\text{n}\text{s}& 49\\ 500& \text{P}\text{r}\text{o}\text{d}\text{u}\text{c}\text{t}\text{i}\text{o}\text{n}\text{s}\text{u}\text{p}\text{e}\text{r}\text{v}\text{i}\text{s}\text{o}\text{r}\text{s}\text{'}\text{s}\text{a}\text{l}\text{a}\text{r}\text{i}\text{e}\text{s}\\ 11& 000\\ \text{P}\text{l}\text{a}\text{n}\text{t}\text{d}\text{e}\text{p}\text{r}\text{e}\text{c}\text{i}\text{a}\text{t}\text{i}\text{o}\text{n}& 13\\ 200& \text{O}\text{f}\text{f}\text{i}\text{c}\text{e}\text{d}\text{e}\text{p}\text{r}\text{e}\text{c}\text{i}\text{a}\text{t}\text{i}\text{o}\text{n}\\ 3& 300\\ \text{P}\text{l}\text{a}\text{n}\text{t}\text{m}\text{a}\text{i}\text{n}\text{t}\text{e}\text{n}\text{a}\text{n}\text{c}\text{e}& 8\\ 800& \text{P}\text{l}\text{a}\text{n}\text{t}\text{u}\text{t}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}\\ 8& 250\\ \text{O}\text{f}\text{f}\text{i}\text{c}\text{e}\text{u}\text{t}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}& 2\\ 750& \text{O}\text{f}\text{f}\text{i}\text{c}\text{e}\text{m}\text{a}\text{i}\text{n}\text{t}\text{e}\text{n}\text{a}\text{n}\text{c}\text{e}\\ 4& 620\\ \text{P}\text{r}\text{o}\text{d}\text{u}\text{c}\text{t}\text{i}\text{o}\text{n}\text{e}\text{q}\text{u}\text{i}\text{p}\text{m}\text{e}\text{n}\text{t}\text{r}\text{e}\text{n}\text{t}& 4\\ 400& \text{O}\text{f}\text{f}\text{i}\text{c}\text{e}\text{e}\text{q}\text{u}\text{i}\text{p}\text{m}\text{e}\text{n}\text{t}\text{r}\text{e}\text{n}\text{t}\\ 1& 100\end{array}$

$*Classifiedas$ manufacturing overhead

Inventories July $1$ July $31$

Raw materials $$27,500$ $$30,800$

Manufacturing supplies $4,4003,850$

Office supplies $1,6501,100$

Work$-in-$process $19,80016,500$

Finished goods $99,49597,460$

Required

Prepare a statement $ofcostof$ goods manufactured and $an$ income statement. Actual overhead costs are assigned $to$ products.

Note: $Do$ not use any negative signs $in$ your statements