SA obinhood Discord T Nadine Burke Hai Accounting Textbook Orbert b. Prepare a schedule of cost of goods manufactured for the year ended December 31, 2019, G. Prepare a schedule of cost of goods sold for the year ended December 31, 2019, d. Prepare an income statement for the year ending December 31, 2019. 52. Income Statement and Supporting Schedules. The following information is for Shasta, Inc., for the year ended December 31, 2019: Raw materials inventory beginning balance $15,000 Raw materials inventory ending balance 12,000 Work-in-process inventory beginning balance 825.000 Work-in-process inventory ending balance 900,000 Finished goods inventory beginning balance 615,000 Finished goods inventory ending balance 525,000 Raw material purchases 150,000 187,500 Direct labor used in production Manufacturing overhead 945,000 Selling costs 135,000 General and administrative 360,000 Sales revenue 1,897,500 Of the total raw materials placed in production for the year, 518,000 was for indirect materials. Required: a. Prepare a schedule of raw materials placed in production for the year ended December 31, 2019 b. Prepare a schedule of cost of goods manufactured for the year ended December 31, 2019 c. Prepare a schedule of cost of goods sold for the year ended December 31, 2019. d. Prepare an income statement for the year ending December 31, 2019. One Step Further: Skill-Building Cases 22