Following is information from the records of the Savoy Company for July. *Classified as manufacturing overhead 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 Savoy Company Statement of Cost of Goods Manufactured For the Month of July Current manufacturing costs: Cost of materials placed in production: Raw materials, 7/1 $ Total available Direct labor Manufacturing overhead: Production employees' fringe benefits Depreciation on plant Production supervisors' salaries Plant maintenance Plant utilities Production equipment rent Minrlain nraraee 7/1 Plant utilities Production equipment rent Work-in-process, 7/1 Less: work-in-process, 7/31 SAVOY Company Income Statement For the Month Ending July 31 Cost of goods sold: Finished goods inventory, 7/1 Total goods available for sale Total goods available for sale Selling and administrative expenses: Administrative salaries Sales salaries and commissions Office utilities Office maintenance Office equipment rent