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Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare
Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of cost of goods manufactured and an income statement Assume no indirect materials are used and all amounts are shown in millions Begin by preparing a schedule of cost of goods manufactured. Stewart Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 (in millions) Cont of Goods Manufactured Now prepare an income statement. Stewart Company Income Statement Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro Cost of Goods Manufactured Now prepare an income statement. Stewart Company Income Statement Year Ended December 31, 2018 (in millions) Cost of Goods Sold Gross Profit Net Income (Loss) Choose from any list or enter any number in the input fields and then continue to the next question. Inventory balances: Beginning Ending Work-in-Process 15 21 Finished Goods 10 11 Other information: Sales Revenue $ 420 94 Selling and Administrative Expenses Direct Labor Manufacturing Overhead; actual and allocated Direct Materials Used 45 21 35
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