Requirement 3. How does the formot of the income statement foe Lasting Treats offer fom the hoome statement ef a morchandiver? A manufactureit's cost of goods sold is based on is In contrast, a merchandesers cost ol geods wid is based on ia Requirement 4. Lasting Treats manufactirad 17,400 unts of its product in 2024, Compuse the company's unt product cont for the year, rounded ta Fen reavest cene. Cost per unil = Lasting Troats Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 Direct Matorials Used: Direct Materiais Uned Manufacturing Ovomoad: Total Manufacturing Overhead Total Manutacturing Cosis incuried during the Year Totat Manufacturing Costs to Account For Lasting Treats manufactures its own brand of pet chew bones. At the end of December 2024, the accounting records showed the following: (Click the icon to view account balances.) (Click the icon to view other information.) Read the requirements. Lasting Treats Income statement Year Endad Decomber 31, 2024 Revenue: Cost of Goods Soid. Cost of Goods Sold Gross Profit Seling and Adminiatratwo Expenses