Prepare the following, assuming EgoBox used the FIFO cost flow assumption:

- Schedule of cost of goods manufactured

- Schedule of cost of goods sold

- Income statement for 2018 (assume there is no income tax)

Egoox, Inc. is a small manufacturer of over-priced nick-nack hand-crahed from South American on container about the size of a shoe-box At the rosewood and is sold to people whe feel the need to spend 530 beg. of 2017Egotox had the fotowing bau ees in their varous-ary accounts $1,000 SA Direct Materials n Process Finished Goods (4 boes @ S1,0001 Ouring 2017 EgoBox . Purchased $15,000 of Direct Materials Incurred $22,000 of Direct Labor Incurred $25,000 of Factory Overhead (esodord snotp Applied $2S000 of Overhead to work in Process Spent 535,000 on Selling& Administrative costs . Manufactured 50 bowes e Sold 48 boxes for $2,000 each At the end of 2017 EgoBox had the following balances in their inventory accounts $3,000 Direct Materials Work in Process Finished Goods Prepare the folliowing, assuming Egolox ses the FIFO cost flow assumption . Schedule of Cost of Goods Manufacturesd Schedule of Cost of Goods Sold Income Statement for 2017 (assuming there is no income tax). Firs ores use sel aue ones from last yea ue sell bres first G-1000 Poverve is the same the cost is diffeient