Prepare a schedule of cost of goods manufactured and sold.

b$2.$ Prepare an income statement.

O Horneuuor < (elgc) _D 11-111-2.11-311-2 Solomon Corpora:lor began fisca Yea' Alti the follauvlng belarces In Its Inventory acccunts eri31s DJNrg tie Bccnntlng penoc Solomon purerased $23g.5ClCl of rra:erlals and s3ued E491DO of materlelf to the prodi_clor depart-rent Drea abor c03ts for the perlod mourted to E23.233. end manjfactwlng cnerread of S47.300 wes apolled to kV0'k In Process Inventoy Afsurne that -I-ere nc over- 0' urdeapolled cverheacl Goods c03tlrg to prodi_ce nere ccmpleted and tr.ynsferred to Flilshec Gocd3 nventory Gcods eos:lng were sold for culng the perlod Selllrc end adrnnlstratlve esgenses arrojnted S7C.4CCL Requlred a. Cletermlne the erclrg bean:e of ea:h of the three Inven:cry accountf tht WOLId on tie year-end baldnce sleet bl. P'epre a ECledule of cost gocd3 and 301d b2. Frepare ar Ineome Etaternent Reck P epare scnedule f g:.Dds rnanufactl_rec and