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Name Enter your name here! Instructions: Complete the schedule of cost o statement by adding the appropriate text and border and off-white fill. For your convenienc Ace Manufacturing Schedule of Cost of Goods Manufactured For the period ended June 30, 20XX Direct Materials: Add: Cost of goods ma Total Cost of goods ava Total Raw materials avialable for use COST OF GOODS SOLD Total Raw materials used in production Direct Labor: Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Cost of goods sold (ab Gross Margin Selling and administra Subtotal COST OF GOODS MANUFACTURED Net operating income omplete the schedule of cost of goods manufactured, schedule of cost of goods sold, and income dding the appropriate text and monetary values. The boxes needing information are indicated with a white fill. For your convenience, the financial information needed is found to the right. Ace Manufacturing Schedule of Cost of Goods Sold For the period ended June 30, 20XX Add: Cost of goods manufactured Total Cost of goods available for sale COST OF GOODS SOLD Ace Manufacturing Income Statement For the period ended June 30, 20XX Cost of goods sold (above) Gross Margin Selling and administrative expenses: Total selling and administrative expenses Net operating income (loss) Description Administrative salaries expenses Advertising expenses Depreciation of factory & equipment Direct labor expenses Finished goods inventory, beginning Finished goods inventory, ending Indirect labor expenses Indirect materials Other manufacturing overhead expenses Other selling & administrative expenses Raw materials inventory, beginning Raw materials inventory, ending Raw materials purchased Sales Utilities Work in process inventory, beginning Work in process inventory, ending Amount $ 203,000.00 $ 45,000.00 $ 133,000.00 $ 175,000.00 $ 285,000.00 $ 259,000.00 $ 54,000.00 $ 26,000.00 $ 48,000.00 $ 15,000.00 $ 60,000.00 $ 85,000.00 $ 820,000.00 $ 1,805,000.00 $ 32,000.00 $ 143,000.00 $ 167,000.00