X T16-5 (similar to) 3 Questio Iridescent Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. : (Click the icon to view the information.) Calculate (1) the cost of goods sold budget (label it Schedule 7) (2) the nonmanufacturing costs budget (label it Schedule 8) and (3) the operating income budget for the year ending December 31, 2017. Tor the Year Ending December 31, 2017 Beginning finished goods inventory, January 1, 2017 Direct materials used Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory, December 31, 2017 Cost of goods sold Choose from any list or enter any number in the input fields and then click Check Answer. Data Table - X $ 1,063,400 68,120 45,300 321,000 199, 100 Revenues Beginning inventory of finished goods (1-1-2017) Ending inventory of finished goods, 12-31-2017 Direct materials used Direct manufacturing labor Manufacturing overhead Variable marketing costs (9% of revenues) Fixed marketing costs Variable distribution costs ($3.00 per cu. ft. for 28,000 cu. ft.) Fixed distribution costs Fixed administration costs 153,000 37,000 46,000 72,000 Print Done