Please provide work and answers to attached document.

Statement of Cost of Goods Manufactured from Percent Relationships Information about NuWay Products Company for the year ending December 31, 2010, follows: * Sales equal $550,000. * Direct materials used total $70,000. * Manufacturing overhead is 150 percent of direct labor dollars. * The beginning inventory of finished goods is 20 percent of the cost of goods sold. * The ending inventory of finished goods is twice the beginning inventory. * The gross profit is 20 percent of sales. * There is no beginning or ending work-in-process. Prepare a statement of cost of goods manufactured for 2010. (Hint: Prepare an analysis of changes in Finished Goods Inventory.) NuWay Products Company Statement of Cost of Goods Manufactured For the Year Ending December 31, 2010 Current manufacturing costs: Direct Materials $ 70,000 Direct Labor Manufacturing overhead Beginning work in process $ - $ - Total costs in process Ending work in process Cost of goods manufactured Analysis of Finished Goods Inventory Finish goods, 1/1/10 Total goods available for sale Finish goods, 12/31/10 Cost of goods sold