Prepare the income start to West Nut Company for the most recent year. Une he calaton of cost of goods so cool of profectured and the mounts belowAnd that the company od 36.000 es product at a price of $11 each during the you mick the convew theamh) Click the icon to vew the cation of cost of good mured) Data Table Rico sew the coul of goods top End of End of of Year Year Year Wat witical Company www399.00 $ 30.000 de 10 Income talent Doring and Wirts 44.000 32.000 1 11.600 For Current we good way! 14.000 20.000 panna 14.00 100 g 000 De 367,000 Gent 4100 Print Done - Reference Pr 44,000 West Nautical Industries Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory $ Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured (CGM) $ 67,000 87,000 65,300 then 263,300 32,000 231,300 Reference 2,00 14,00 4,00 $ West Nautical Manufacturing Calculation of Cost of Goods Sold For Current Year Beginning finished goods inventory Plus: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold 14,000 231,300 245,300 29,000 $ 216,300 Prepare the income statement for West Nautical Company for the most recent yeat Use the calculation of cost of goods sold cost of good manufacture, and the most site that he company ou 6,000 of a price of $11 each during the year (Click the icon to view the amounts) Click the icon to view the calculation of cont of goods manufactured Click the icon to view the calculation of cost of goods sold Data Table West Nautical Company Income Statement For Current Year LOS Beginning End Year Year $ 22.001 $33.000 1 44.000.000 plant bulding and 140001 23000 fondance 17.00 $7.000 den 31000 Your 3 7600 13.000 30 100 32.100 working voor Fished goods Pudima Los Indrew Print Done Prepare the income statement for West Nautical Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 36,000 units of its product at a price of $11 each during the year. (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) West Nautical Company Income Statement For Current Year Less: Loss Beginning finished goods inventory Cost of goods available for sale Pr of du ny for the me that the cc Cost of goods manufactured Cost of goods sold Is manufact Ending finished goods inventory Is sold.) General and administrative expenses Gross profit Marketing expenses Operating expenses Operating income Operating loss Sales revenues ds manufactured, and the amounts below. Assume that the company sold 36.000 units of its product at a price of $11 each Data Table Beginning End of End of of Year Year Year Raw materials inventory $ 22,000 $ 33,000 Insurance on plant $ 7,000 Depreciation-plant building and Work in process inventory $ 44,000 $ 32,000 equipment $ 13,000 Finished goods inventory $ 14,000 $ 29,000 Repairs and maintenance-plant $ 4,300 Purchases of direct materials $ 78,000 Marketing expenses $ 79,000 Direct labor $ 87,000 General and administrative expenses $ 27,500 in B Print Done Reference West Nautical Industries Calculation of Cost of Goods Manufactured For Current Year $ 44,000 Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor $ 67,000 Manufacturing overhead Total manufacturing costs to account for 87,000 65,300 Less: Ending work in process inventory 263,300 32,000 Cost of goods manufactured (CGM) $ 231,300 Print Done Reference West Nautical Manufacturing Calculation of Cost of Goods Sold For Current Year $ Beginning finished goods inventory Plus: Cost of goods manufactured Cost of goods available for sale 14,000 231,300 Less: Ending finished goods inventory 245,300 29,000 Cost of goods sold $ 216,300 Print Done