The following data from the just completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 650,000 91,000 133,000 101,000 44,000 211,000 222,000 Inventories: Raw materials Work in process Finished goods Beginning of Year $ 8,100 5,100 70, 100 End of Year $10,100 20,100 25,100 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. ECCLES COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials used in production Total manufacturing cost Cost of goods manufactured 2. Prepare a schedule of cost of goods sold. ECCLES COMPANY Schedule of Cost of Goods Sold ! Adjusted cost of goods sold 3. Prepare an income statement. ECCLES COMPANY Income Statement Selling and administrative expenses