Learning Objective 4 E18-22 Preparing a schedule of cost of goods manufactured Clarkson Corp., a lamp manufacturer, provided the following information for the year 1. COGM: $427,000 ended December 31, 2016: X Inventories: Beginning Ending (Requirement 1 only) Raw Materials $ 58,000 $ 22,000 Work-in-Process 100,000 63,000 Finished Goods 47,000 51,000 Other information: Depreciation, plant building and equipment $ 13,000 Raw materials purchases 157,000 Insurance on plant 21,000 Sales salaries 46,000 Repairs and maintenance-plant 4,000 Indirect labor 30,000 Direct labor 129,000 Administrative expenses 56,000 Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Clarkson manufactured 2,135 lamps for the year?Learning Objectives 2, 4 P18-31A Preparing a schedule of cost of goods manufactured and an income statement for a manufacturing company 2. Net income: $34,900 Yum Yum Treats manufactures its own brand of pet chew bones. At the end of December 2016, the accounting records showed the following: Inventories: Beginning Ending Raw Materials $ 13,100 $ 8,500 Work-in-Process O 2,500 Finished Goods O 5,700 Other information: Raw materials purchases $ 30,000 Plant janitorial services 800 Sales salaries 5,000 Delivery costs 1,800 Sales revenue 105,000 Utilities for plant 1,100 Rent on plant 16,000 Customer service hotline costs 1,000 Direct labor 18,000 Requirements 1. Prepare a schedule of cost of goods manufactured for Yum Yum Treats for the year ended December 31, 2016. 2. Prepare an income statement for Yum Yum Treats for the year ended December 31, 2016