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LAST QUESTION PLEASE HELP FYW Corporation has accumulated the subsequent costs during the production of its product. Work-in-process inventory was $25,000 at January 1 and

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FYW Corporation has accumulated the subsequent costs during the production of its product. Work-in-process inventory was $25,000 at January 1 and $15,000 at December 31 . Finished goods inventory was $35,000 at January 1 and $42,000 at December 31 . Requirements: (1) Prepare a Cost of Goods Manufactured (COGM) Statement for the year. (2) Prepare a partial Income Statement up to gross profit for the year, assuming sales revenues are $350,000 Manufacturing overhead (note: it's possible that not all the lines are usec FYW Corporation INCOME STATEMENT (Partial) For the year ended December 31, 2022 Costs of Goods Sold: Cost of goods available for sale Cost of Goods Sold

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