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Omira Cycle Parts manufactures components for motorcycle and off-road vehicles. The company's administrative and manufacturing operations share the company's only building. Eighty percent of the
Omira Cycle Parts manufactures components for motorcycle and off-road vehicles. The company's administrative and manufacturing operations share the company's only building. Eighty percent of the building is used for manufacturing, and the remainder is used for administrative activities. Indirect labor is 8 percent of direct labor. As the cost analyst at Omira, you have gathered the following information for the year ended December 31: Required: a. Prepare a cost of goods manufactured and sold statement. b. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a cost of goods manufactured and sold statement and an income statement
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