Schedule of Cost of Goods Manufactured Requirement 2 a and b Units in finished goose inventory Cost of units in finished goods inventory Income Statement a manufacturing company, produces a single product. The following information has been taken from the company's production, sales, and cost records for the just completed year. The finished goods inventory is being carried at the average unit production cost for the year. The selling price is $50 per unit. Required: Use the P3 Solution Sheet Prepare a schedule of cost of goods manufactured for the year. Compute the following: The number of units in the finished goods inventory- at the end of the year. The cost of the units in the finished goods inventory at the end of the year. Prepare an income statement for the year