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LO 2,4 Operating income $75 COGM, $762 2-37 Statement of comprehensive income and schedule of cost of goods manufactured. The Powell Corporation has the following

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LO 2,4 Operating income $75 COGM, $762 2-37 Statement of comprehensive income and schedule of cost of goods manufactured. The Powell Corporation has the following account balances (in millions): For Specific Date For Year 2019 Direct materials, January 1, 2019 $15 Purchases of direct materials $ 390 Work in process, January 1, 2019 10 Direct manufacturing labour 120 Finished goods, January 1, 2019 70 Depreciation-plant building and 96 equipment Direct materials, December 31, 2019 20 Plant supervisory salaries 6 Work in process, December 31, 2019 5 Miscellaneous plant overhead 42 Finished goods, December 31, 2019 55 Revenues 1,140 Marketing, distribution, and customer 288 service costs Plant supplies used 12 Plant utilities 36 Indirect manufacturing labour 60 Required Prepare a statement of comprehensive income and a supporting schedule of cost of goods manufactured for the year ended December 31, 2019. Ini Dafar in the nreceding

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