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

Sales	$	658,000
Direct labor cost	$	86,000
Raw material purchases	$	137,000
Selling expenses	$	101,000
Administrative expenses	$	45,000
Manufacturing overhead applied to work in process	$	205,000
Actual manufacturing overhead costs	$	222,000

Inventories:	Beginning of Year		End of Year
Raw materials	$	8,100	$	10,200
Work in process	$	5,700	$	20,900
Finished goods	$	75,000	$	25,400

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)Raw materials inventory, endingBeginning work in process inventoryEnding work in process inventoryRaw materials inventory, beginningFinished goods inventory, beginning	$
(Click to select)AddDeduct : (Click to select)Finished goods inventory, beginningRaw materials inventory, endingPurchases of raw materialsEnding work in process inventoryBeginning work in process inventory
(Click to select)Ending work in process inventoryTotal raw materials availableRaw materials inventory, endingRaw materials inventory, beginningBeginning work in process inventory
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingBeginning work in process inventoryRaw materials inventory, beginningPurchases of raw materialsEnding work in process inventory
Raw materials used in production		$
(Click to select)Ending work in process inventoryDirect laborRaw materials inventory, beginningRaw materials inventory, endingPurchases of raw materials
(Click to select)Purchases of raw materialsRaw materials inventory, endingManufacturing overhead applied to work in process inventoryRaw materials inventory, beginningDirect labor
Total manufacturing costs
(Click to select)DeductAdd : (Click to select)Ending work in process inventoryBeginning work in process inventoryRaw materials inventory, beginningPurchases of raw materialsRaw materials inventory, ending
(Click to select)AddDeduct : (Click to select)Ending work in process inventoryRaw materials inventory, beginningPurchases of raw materialsBeginning 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)Overapplied overheadFinished goods inventory, beginningFinished goods inventory, endingCost of goods available for saleCost of goods manufactured	$
(Click to select)AddDeduct : (Click to select)Overapplied overheadUnderapplied overheadCost of goods manufacturedCost of goods available for saleUnadjusted cost of goods sold
(Click to select)Cost of goods manufacturedFinished goods inventory, beginningCost of goods available for saleUnadjusted cost of goods soldFinished goods inventory, ending
(Click to select)DeductAdd : (Click to select)Cost of goods manufacturedUnderapplied overheadCost of goods available for saleOverapplied overheadFinished goods inventory, ending
(Click to select)Finished goods inventory, beginningUnderapplied overheadFinished goods inventory, endingUnadjusted cost of goods soldCost of goods manufactured
(Click to select)AddDeduct : (Click to select)Overapplied overheadCost of goods manufacturedCost of goods available for saleUnderapplied overheadFinished 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)Selling expensesSalesCost of goods soldAdministrative expensesDepreciation expenses		$
(Click to select)Selling expensesDepreciation expensesAdministrative expensesSalesCost of goods sold
(Click to select)Gross lossGross margin
Selling and administrative expenses:
(Click to select)Selling expensesAdministrative expensesRent expensesDepreciation expensesInsurance expenses	$
(Click to select)Depreciation expensesRent expensesInsurance expensesAdministrative expensesSelling expenses
(Click to select)Net operating incomeNet operating loss		$