- Using the information prepare a manufacturing statement.

- Using the information prepare a partial income statement

Snoopy Company uses a job order costing system. The following inventory balances are available on January 1, 2021: Raw Materials $19,400 Work in Process $37.000 Finished Goods $152.000 $ The Work in Process Inventory consisted of 3 jobs: #501 $13,600; #502 $10,600; and #503 $12,800 The Finished Goods Inventory consisted of 2 jobs: #499 $84,700 and #500 $67,300 Snoopy uses a normal costing system with an overhead rate based on machine hours. The following budgeted information was available for the year 2021: Factory overhead costs $446,500 and machine hours 47,000. During 2021, the following transactions took place: 1. Raw materials costing $74,000 were purchased on account. 2. Total factory labor charges accrued were $146,000. 2. A summary of material requisitions and time tickets appeared as follows: Job No. Material Requisitions Direct Labor Cost Machine Hours 501 $6.100 $8.800 6,400 502 7,900 7.800 4,200 503 8.2001 6,600 5,600 504 10.800 18,600 14.300 505 5.200 13.900 1.900 506 4.300 9.100 12.700 507 10.100 12,400 1.800 508 2.600 3,800 900 sub-total $55,200 $81,000 47.800 Indirect 13.700 65,000 Total $68,900 $146,000 4. Other factory overhead costs include $110,000 depreciation on factory equipment, $26,200 of expired factory insurance, $18,400 of accrued property taxes, and $216,400 of miscellaneous factory costs paid in cash. 5. Job Nos. 501, 502, 503, 504, and 507 were completed. 6. Job Nos. 499, 500, 503, 504, and 507 were sold for $800,000 cash. Required: A. Complete the cost flow diagram and job order cost sheets and make the required general journal entries in the attached workpapers. Be sure to enter the beginning balances of the inventory accounts and be sure to compute and SHOW the ending balances of the accounts. Raw Materials Investory Factory Payroll Work In Process Iurestory Finished Goods Iu restory Cost of Goods Sold Espeuse Factory Overhead COGM Job Ne Cost COGS Job No. Cost Computatious Luding WIP Job No. Cost Zuding FG Job No. Cost JOB NO. Bep DM DL OH Total JOB NO. Bez DX DL OH Total JOB NO. Bep DM DL OH Total JOB NO. Bep DNE DL OH Total JOB NO. Beg JOB NO. Beg DM DL OH Total JOB NO. Be DM DL OH Total DM DL OH Total JOB NO. Be DX DL OH Tocal JOB NO. Beg DM DL OH Total JOB NO. Be DM DL Total GENERAL JOURNAL GENERAL JOURNAL