The following data were taken from the records of Goodman Manufacturing Company for the year ended December 31, 2012.

Instructions(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)(b) Prepare an income statement through gross profit.(c) Prepare the current assets section of the balance sheet at December31.

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Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense $ 7,400 Raw Materials Inventory 1/1/12 Raw Materials Inventory 12/31/12 Finished Goods Inventory 1/1/12 Finished Goods Inventory 12/31/12 Work in Process Inventory 1/1/12 Work in Process Inventory 12/31/12 Direct Labor $ 47,000 7,700 12,900 8,600 465,000 2,500 40,000 6,100 44,200 85,000 Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases 67,800 9,500 800 62,500 28,000 8,000 145,100 18,100 27,000 Cash Indirect Labor Accounts Receivable