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Please help with the attached question Question Help Thompson Company has the following information for the year ended December 31, 2018. (Click the icon to

Please help with the attached question

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Question Help Thompson Company has the following information for the year ended December 31, 2018. (Click the icon to view the information.) Use the information to prepare a schedule of cost of goods manufactured and an income statement. Assume no indirect materials are used and all amounts are shown in millions. Begin by preparing a schedule of cost of goods manufactured. Thompson Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 (in millions) i Data Table X Inventory balances: Beginning Ending Work-in-Process S 20 Finished Goods 13 10 Other information: Sales Revenue $ 420 Cost of Goods Manufactured Selling and Administrative Expenses 62 Now prepare an income statement. Direct Labor 29 Manufacturing Overhead; actual and allocated 18 Thompson Company Direct Materials Used 36 Income Statement Year Ended December 31, 2018 (in millions) Print Done Cost of Goods Sold Gross Profit Net Income (Loss) Choose from any list or enter any number in the input fields and then continue to the next question. Activate Windows

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