You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis, Raw materials, beginning $0 $25,000 Raw Materials Inventories Direct materials used Indirect labor Raw materials purchases $50,000 $75,000 $100,000 $125,000 Raw materials, ending $50,000 $150,000 $175,000 Work in Process & Finished Goods Inventories Work in Process *** $200,000 Finished Goods NOHE $54,000 $0 $25,000 Direct materials used Property taxes-Factory $50,000 Indirect labor $75,000 Repairs-Factory equipment Factory utilities $100,000 $125,000 $50,000 $40,000 Work in Process & Finished Goods Inventories Work in Process $30,000 $20,000 $10,000 $0 Raw materials, ending $43,000 $150,000 $33,000 $175,000 $200,000 A stat Finished Goods $50,000 $54,000 Beginning Ending Beginning Ending Property taxes-Factory Repairs-Factory equipment Depreciation expense-Factory +ableau Sales General & administrative expenses Selling expenses $20,000 $0 $10,000 $0 Beginning Ending Beginning Ending Additional Data Sales and Select Expense Accounts Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 $200,000 $400,000 $600,000 $800,000 $1,000,000 PO Compute cost of goods sold for the year ended December 31. Note: Use cost of goods manufactured calculated in Goods available for sale Cost of goods sold $ 0 Part 3 of 3 12.5 points eBook References Prepare an income statement. Note: Use cost of goods sold calculated in part 1. Cost of goods sold: Goods available for sale Cost of goods sold Net income Mountaineer Co. Income Statement For Year Ended December 31 You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis, Raw materials, beginning $0 $25,000 Raw Materials Inventories Direct materials used Indirect labor Raw materials purchases $50,000 $75,000 $100,000 $125,000 Raw materials, ending $50,000 $150,000 $175,000 Work in Process & Finished Goods Inventories Work in Process *** $200,000 Finished Goods NOHE $54,000 $0 $25,000 Direct materials used Property taxes-Factory $50,000 Indirect labor $75,000 Repairs-Factory equipment Factory utilities $100,000 $125,000 $50,000 $40,000 Work in Process & Finished Goods Inventories Work in Process $30,000 $20,000 $10,000 $0 Raw materials, ending $43,000 $150,000 $33,000 $175,000 $200,000 A stat Finished Goods $50,000 $54,000 Beginning Ending Beginning Ending Property taxes-Factory Repairs-Factory equipment Depreciation expense-Factory +ableau Sales General & administrative expenses Selling expenses $20,000 $0 $10,000 $0 Beginning Ending Beginning Ending Additional Data Sales and Select Expense Accounts Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 $200,000 $400,000 $600,000 $800,000 $1,000,000 PO Compute cost of goods sold for the year ended December 31. Note: Use cost of goods manufactured calculated in Goods available for sale Cost of goods sold $ 0 Part 3 of 3 12.5 points eBook References Prepare an income statement. Note: Use cost of goods sold calculated in part 1. Cost of goods sold: Goods available for sale Cost of goods sold Net income Mountaineer Co. Income Statement For Year Ended December 31 You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis, Raw materials, beginning $0 $25,000 Raw Materials Inventories Direct materials used Indirect labor Raw materials purchases $50,000 $75,000 $100,000 $125,000 Raw materials, ending $50,000 $150,000 $175,000 Work in Process & Finished Goods Inventories Work in Process *** $200,000 Finished Goods NOHE $54,000 $0 $25,000 Direct materials used Property taxes-Factory $50,000 Indirect labor $75,000 Repairs-Factory equipment Factory utilities $100,000 $125,000 $50,000 $40,000 Work in Process & Finished Goods Inventories Work in Process $30,000 $20,000 $10,000 $0 Raw materials, ending $43,000 $150,000 $33,000 $175,000 $200,000 A stat Finished Goods $50,000 $54,000 Beginning Ending Beginning Ending Property taxes-Factory Repairs-Factory equipment Depreciation expense-Factory +ableau Sales General & administrative expenses Selling expenses $20,000 $0 $10,000 $0 Beginning Ending Beginning Ending Additional Data Sales and Select Expense Accounts Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 $200,000 $400,000 $600,000 $800,000 $1,000,000 PO Compute cost of goods sold for the year ended December 31. Note: Use cost of goods manufactured calculated in Goods available for sale Cost of goods sold $ 0 Part 3 of 3 12.5 points eBook References Prepare an income statement. Note: Use cost of goods sold calculated in part 1. Cost of goods sold: Goods available for sale Cost of goods sold Net income Mountaineer Co. Income Statement For Year Ended December 31 You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis, Raw materials, beginning $0 $25,000 Raw Materials Inventories Direct materials used Indirect labor Raw materials purchases $50,000 $75,000 $100,000 $125,000 Raw materials, ending $50,000 $150,000 $175,000 Work in Process & Finished Goods Inventories Work in Process *** $200,000 Finished Goods NOHE $54,000 $0 $25,000 Direct materials used Property taxes-Factory $50,000 Indirect labor $75,000 Repairs-Factory equipment Factory utilities $100,000 $125,000 $50,000 $40,000 Work in Process & Finished Goods Inventories Work in Process $30,000 $20,000 $10,000 $0 Raw materials, ending $43,000 $150,000 $33,000 $175,000 $200,000 A stat Finished Goods $50,000 $54,000 Beginning Ending Beginning Ending Property taxes-Factory Repairs-Factory equipment Depreciation expense-Factory +ableau Sales General & administrative expenses Selling expenses $20,000 $0 $10,000 $0 Beginning Ending Beginning Ending Additional Data Sales and Select Expense Accounts Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 $200,000 $400,000 $600,000 $800,000 $1,000,000 PO Compute cost of goods sold for the year ended December 31. Note: Use cost of goods manufactured calculated in Goods available for sale Cost of goods sold $ 0 Part 3 of 3 12.5 points eBook References Prepare an income statement. Note: Use cost of goods sold calculated in part 1. Cost of goods sold: Goods available for sale Cost of goods sold Net income Mountaineer Co. Income Statement For Year Ended December 31