show working

View previo Stuart Corporation began fiscal year 2018 with the following balances in its inventory accounts Raw Materials Work in Process Finished Goods $55,18 82,580 26,288 During the accounting period, Stuart purchased $239,600 of raw materials and issued $249,300 of materials to the production department. Direct labor costs for the period amounted to $322,600, and manufacturing overhead of $46,300 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $611,200 to produce were completed and transferred to Finished Goods Inventory. Goods costing $601,400 were sold for $800,800 during the period. Selling and administrative expenses amounted to $71,600 Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. b. Prepare a schedule of cost of goods manufactured and sold and an income statement. Complete this question by entering your answers in the tabs elow