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 $ 657,000 92,000 134,000 102,000 45,000 212,000 224,000 Inventories: Raw materials Work in process Finished goods Beginning of Year $ 8,200 5,200 70,200 End of Year $10,200 20,200 25,200 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materi ECCLES COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials used in production Total manufacturing cost 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