Problem is attached.

"Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any significant spoilage. Consider the following "disorganized" information and complete the indicated requirements."

I-17.03 Manufacturing cost calculations Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any significant spoilage. Consider the following "disorganized" information and complete the indicated requirements. Ending work in process (600 tables) Selling price per table Ending finished goods (200 tables) $1,800,000 10,000 1,400,000 Indirect labor incurred during the period 125,000 Raw materials transferred into production (700 trees) 700,000 Beginning finished goods (400 tables) Cost of glues and screws Beginning work in process Ending raw materials (500 trees) 2,800,000 35,000 1,465,000 500,000 Direct labor incurred during the period 3,300,000 Selling, general, and administrative costs incurred 1,150,000 Depreciation of factory equipment 75,000 Raw material purchases during the period (900 trees) 900,000 All other factory overhead 300,000 Tables sold (800 tables) (a) Complete the reconciliation of units on the accompanying blank worksheet, showing the "unit" activity in raw materials, work in process, and finished goods. (b) Calculate the cost of goods manufactured. (c) Calculate the cost of goods sold. (d) Calculate net income. Assume an income tax rate of 35%. Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any significant spoilage. Consider the following "disorganized" information and complete the indicated requirements. Ending work in process (600 tables) Selling price per table Ending finished goods (200 tables) $ 1,800,000 10,000 1,400,000 Indirect labor incurred during the period 125,000 Raw materials transferred into production (700 trees) 700,000 Beginning finished goods (400 tables) Cost of glues and screws Beginning work in process Ending raw materials (500 trees) 2,800,000 35,000 1,465,000 500,000 Direct labor incurred during the period 3,300,000 Selling, general, and administrative costs incurred 1,150,000 Depreciation of factory equipment 75,000 Raw material purchases during the period (900 trees) 900,000 All other factory overhead 300,000 Tables sold (800 tables) (a) Complete the reconciliation of units on the accompanying blank worksheet, showing the "unit" activity in raw materials, work in process, and finished goods. (b) Calculate the cost of goods manufactured. (c) Calculate the cost of goods sold. (d) Calculate net income. Assume an income tax rate of 35%. (a) Raw Materials 0 0 0 0 0 Transfers out/sales 0 0 0 Ending balance (d) 0 Purchases/transfers in (c ) Finished Goods Beginning balance (b) Work in Process 0 0 0 Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any significant spoilage. Consider the following "disorganized" information and complete the indicated requirements. Ending work in process (600 tables) Selling price per table Ending finished goods (200 tables) $ 1,800,000 10,000 1,400,000 Indirect labor incurred during the period 125,000 Raw materials transferred into production (700 trees) 700,000 Beginning finished goods (400 tables) Cost of glues and screws Beginning work in process Ending raw materials (500 trees) 2,800,000 35,000 1,465,000 500,000 Direct labor incurred during the period 3,300,000 Selling, general, and administrative costs incurred 1,150,000 Depreciation of factory equipment 75,000 Raw material purchases during the period (900 trees) 900,000 All other factory overhead 300,000 Tables sold (800 tables) (a) Complete the reconciliation of units on the accompanying blank worksheet, showing the "unit" activity in raw materials, work in process, and finished goods. (b) Calculate the cost of goods manufactured. (c) Calculate the cost of goods sold. (d) Calculate net income. Assume an income tax rate of 35%. (a) Raw Materials 0 0 0 0 0 Transfers out/sales 0 0 0 Ending balance (d) 0 Purchases/transfers in (c ) Finished Goods Beginning balance (b) Work in Process 0 0 0