Income Statement and Supporting Schedules.The following information is for Ciena, Inc., for the year ended December 31, 2020.

Raw materials inventory beginning balance $15,000

Raw materials inventory ending balance $12,000

Work-in-process inventory beginning balance $825,000

Work-in-process inventory ending balance $900,000

Finished goods inventory beginning balance $615,000

Finished goods inventory ending balance $525,000

Raw material purchases $150,000

Direct labor used in production $187,500

Manufacturing overhead (other than indirect materials) $945,000

Selling costs $135,000

General and administrative $360,000

Sales revenue $1,897,500

Of the total raw materials placed in production for the year, $18,000 was for indirect materials.

Required:

1. make a schedule of raw materials placed in production for the year ended December 31, 2020.
2. make a schedule of cost of goods manufactured for the year ended December 31, 2020.
3. make a schedule of cost of goods sold for the year ended December 31, 2020.
4. make an income statement for the year ending December 31, 2020.