Income Statement, Cost of Goods Manufactured Jordan Company produced 150,000 floor lamps during the past calendar year. Jordan had 2,500 floor lamps in finished goods inventory at the beginning of the year. At the end of the year, there were 11,500 floor lamps in finished goods inventory. The lamps sell for $50 each. Jordan's accounting records provide the following information for the past year: Required: 1. Prepare a cost of goods manufactured statement. 2. Compute the cost of producing one floor lamp last year. 3. Prepare an income statement on an absorption-costing basis