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Statement of comprehensive income and schedule if cost of goods manufactured. The Powell corporation has the following account balances (in millions): Direct materials, January 1,

Statement of comprehensive income and schedule if cost of goods manufactured. The Powell corporation has the following account balances (in millions):

Direct materials, January 1, 2022

$15

Purchases of direct materials

$390

Work-in-process, January 1, 2022

10

Direct manufacturing labour

120

Finished goods, January 1, 2022

70

Depreciation-plant building and equipment

96

Direct materials, December 3, 2022

20

Plant supervisory salaries

6

Work-in-process, December 31, 2022

5

Miscellaneous plant overhead

42

Finished goods, December 31, 2022

55

Revenues

1,140

Marketing, distribution, and customer services costs

288

Plant supplied used

12

Plant utilities

36

Indirect manufacturing labour

60

Required: Prepare a statement of comprehensive income and a supporting schedule of cost of goods manufactured for the year ended December 31, 2022.

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