P18-39B Preparing a schedule of cost of goods manufactured and an income statement for a manufacturing company Organic Bones manufactures its own brand of pet chew bones. At the end of December 2014, the accounting records showed the following: Inventories: Beginning Ending Raw Materials $ 13,200 $ 7,000 Work-in-Process 0 4,000 Finished Goods 0 5,800 Other information: Raw materials purchases $ 31,000 Plant janitorial services 200 Sales salaries 5,400 Delivery costs 1,400 Sales revenue 110,000 Utilities for plant 1,900 Rent on plant 11,000 Customer service hotline costs 1,200 Direct labor 23,000 Requirements 1. Prepare a schedule of cost of goods manufactured for Organic Bones for the year ended December 31, 2014. 2. Prepare an income statement for Organic Bones for the year ended December 31, 2014. 3. How does the format of the income statement for Organic Bones differ from the income statement of a merchandiser? 4. Organic Bones manufactured 15,400 units of its product in 2014. Compute the company's unit product cost for the year