So for this

A. Compute the following for the company 2010

1. Raw materials consumed

2. Factory overhead incurred

3. Cost of furniture manufactured

4. Cost of furniture sold

5. Selling and administrative expenses incurred

B. Prepare a summary income statement for Walden company for 2010.

company's accounting record. Mike Lawson, the manager of Walden an income s the key accounts are not usable, Mike asked the company's accountants to obtain information from other sources. After contacting various sources, following information about its activities for 2010. amounted to $600,000. The costs incurred by the company in 2010 were as follows Walden Company makes and sells wooden furniture. A recent fire destroyed most of the s accounting record. Mike Lawson, the manager of Walden Company, needs to prepare statement for an upcoming meeting with the company's board of directors. Because necessary the company has collected the about its activities for 2010 During the year 2010, the company's sales Raw materials purchased Direct labor (20,000 hours) Indirect labor Equipment rent Factory utilities Miscellaneous factory supplies Building depreciation Property taxes on building Production salaries Administrative salaries Miscellaneous selling and administrative costs s 70,000 180,000 15,000 25,000 10,000 17,000 15,000 5,000 75,000 120,000 29,000 Inventory balances at the beginning and end of the year were as follows: Japury1December 31 S 17,000 35,000 47,000 Raw materials Work in process Finisbed goods 21,000 30,000 45,000 About sixty percent of the factory building was devoted to manufacturing operations, s 60 percest of beuilding depreciation and property taxes is treated as a factory cost. The company was subject to an income tax rate of 30 percent Required