The following data from the just completed year are taken from the accounting records of Eccles Company:

Sales	$	660,000
Direct labor cost	$	81,000
Raw material purchases	$	131,000
Selling expenses	$	103,000
Administrative expenses	$	44,000
Manufacturing overhead applied to work in process	$	208,000
Actual manufacturing overhead costs	$	229,000

Inventories:	Beginning of Year		End of Year
Raw materials	$	8,900	$	10,100
Work in process	$	5,700	$	20,400
Finished goods	$	78,000	$	26,000

Required:

1.	Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. (Input all amounts as positive values.)

Eccles Company Schedule of Cost of Goods Manufactured
Direct materials:
(Click to select)Beginning work in process inventoryEnding work in process inventoryRaw materials inventory, beginningFinished goods inventory, beginningRaw materials inventory, ending	$
(Click to select)AddDeduct : (Click to select)Purchases of raw materialsFinished goods inventory, beginningEnding work in process inventoryRaw materials inventory, endingBeginning work in process inventory
(Click to select)Raw materials inventory, endingEnding work in process inventoryTotal raw materials availableRaw materials inventory, beginningBeginning work in process inventory
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingRaw materials inventory, beginningBeginning work in process inventoryPurchases of raw materialsEnding work in process inventory
Raw materials used in production		$
(Click to select)Purchases of raw materialsDirect laborRaw materials inventory, endingRaw materials inventory, beginningEnding work in process inventory
(Click to select)Purchases of raw materialsRaw materials inventory, endingManufacturing overhead applied to work in process inventoryDirect laborRaw materials inventory, beginning
Total manufacturing costs
(Click to select)DeductAdd : (Click to select)Raw materials inventory, beginningBeginning work in process inventoryPurchases of raw materialsRaw materials inventory, endingEnding work in process inventory
(Click to select)DeductAdd : (Click to select)Beginning work in process inventoryRaw materials inventory, beginningPurchases of raw materialsEnding work in process inventoryRaw materials inventory, ending
Cost of goods manufactured		$

2.	Prepare a schedule of cost of goods sold. (Input all amounts as positive values.)

Eccles Company Schedule of Cost of Goods Sold
(Click to select)Finished goods inventory, endingCost of goods manufacturedFinished goods inventory, beginningCost of goods available for saleOverapplied overhead	$
(Click to select)AddDeduct : (Click to select)Unadjusted cost of goods soldCost of goods manufacturedOverapplied overheadCost of goods available for saleUnderapplied overhead
(Click to select)Finished goods inventory, endingUnadjusted cost of goods soldCost of goods manufacturedFinished goods inventory, beginningCost of goods available for sale
(Click to select)AddDeduct : (Click to select)Underapplied overheadOverapplied overheadCost of goods manufacturedFinished goods inventory, endingCost of goods available for sale
(Click to select)Underapplied overheadFinished goods inventory, endingUnadjusted cost of goods soldFinished goods inventory, beginningCost of goods manufactured
(Click to select)AddDeduct : (Click to select)Cost of goods available for saleOverapplied overheadUnderapplied overheadCost of goods manufacturedFinished goods inventory, ending
Adjusted cost of goods sold	$

3.	Prepare an income statement. (Input all amounts as positive values.)

Eccles Company Income Statement
(Click to select)Administrative expensesDepreciation expensesSalesCost of goods soldSelling expenses		$
(Click to select)Cost of goods soldSalesDepreciation expensesAdministrative expensesSelling expenses
(Click to select)Gross marginGross loss
Selling and administrative expenses:
(Click to select)Selling expensesRent expensesInsurance expensesAdministrative expensesDepreciation expenses	$
(Click to select)Rent expensesDepreciation expensesInsurance expensesSelling expensesAdministrative expenses
(Click to select)Net operating lossNet operating income		$