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Prepare the income statement for Strike Marine Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured,
Prepare the income statement for Strike Marine 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 37,000 units of its product at a price of $10 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) Data Table Strike Marine Company Income Statement For Current Year Beginning End of End of Year $ 8,500 of Year Year S 24,00O 26,000 Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor Insurance on plant Less: S 39,00O 31,000 Depreciation-plant building and equipment13,400 S 18,000 29,000 $73,000 Marketing expenses $ 86,000 General and administrative expenses $ 46,000 Repairs and maintenanco-plant $ 4,200 $ 78,000 $ 24,500 Less: Print Done
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