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please help!! Problem 11-19A Manufacturing cost flow for one-year period Blanding Manufacturing started in Year 1 with the following account balances. Transactions during Year 1

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Problem 11-19A Manufacturing cost flow for one-year period Blanding Manufacturing started in Year 1 with the following account balances. Transactions during Year 1 1. Purchased $6,000 of raw materials with cash. 2. Transferred $7,500 of raw materials to the production department. 3. Incurred and paid cash for 180 hours of direct labor @$32 per hour. 4. Applied overhead costs to the Work in Process Inventory account. The predetermined overhead rate is $33.00 per direct labor hour. 5. Incurred actual overhead costs of $6,000 cash. 6. Completed work on 1,200 units for $12.80 per unit. 7. Paid $2,800 in selling and administrative expenses in cash. 8. Sold 1,200 units for $19,200 cash revenue (assume FIFO cost flow). 9. Blanding charges overapplied or underapplied overhead directly to Cost of Goods Sold. Required a. Record the preceding events in a horizontal statements model. The beginning balances are shown as an example. b. Prepare a schedule of cost of goods manufactured and sold, an income statement, and a balance sheet for Year

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