Trend Works is a retail chain specializing in salon-quality hair care products. During the year, Trend Works had sales of $38,300,000. The company began the year with $3,500,000 of merchandise inventory and ended the year with $4,445,000 of Inventory. During the year, Trend Works purchased $23,560,000 of merchandise Inventory. The company's selling, general, and administrative expenses totalled $6,135,000 for the year. Prepare Trend Works' income statement for the year. Cost of goods sold: Operating Income Trend Works Income Statement Decoste Manufacturing found the following information in its accounting records: $526,000 of direct materials used, $227,000 of direct labour, and $742,000 of manufacturing overhead. The work in process inventory account had a beginning balance of $78,000 and an ending balance of $84,000. Compute the company's cost of goods manufactured. Complete the following table to determine the cost of goods manufactured. Decoste Manufacturing Schedule of Cost of Goods Manufactured Add: Total manufacturing costs incurred during period Less: Cost of goods manufactured