Sales General administrative expenses Selling expenses 50 $200,000 $400,000 0.00 $200,000 $1,000,000 $+ableau Prepare a schedule of cost of goods manufactured for the current year ended December 31. List Individual overhead account balances in the schedule. Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 50 $200,000 5400.000 500.000 $800,000 $1,000,000 + ableau Compute cost of goods sold for the current year ended December 31. Note: use cost of goods manufactured calculated in part 1 Mountaineer Co. Computation of Cost of Goods Sold For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Prepare an income statement for the company. Note: use cost of goods sold calculated in part 1 Mountaineer Co. Income Statement For Year Ended December 31 Cost of goods sold: Cost of goods available for sale Cost of goods sold Operating expenses: Total operating expenses Net Income Sales General administrative expenses Selling expenses 50 $200,000 $400,000 0.00 $200,000 $1,000,000 $+ableau Prepare a schedule of cost of goods manufactured for the current year ended December 31. List Individual overhead account balances in the schedule. Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 50 $200,000 5400.000 500.000 $800,000 $1,000,000 + ableau Compute cost of goods sold for the current year ended December 31. Note: use cost of goods manufactured calculated in part 1 Mountaineer Co. Computation of Cost of Goods Sold For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Prepare an income statement for the company. Note: use cost of goods sold calculated in part 1 Mountaineer Co. Income Statement For Year Ended December 31 Cost of goods sold: Cost of goods available for sale Cost of goods sold Operating expenses: Total operating expenses Net Income