Income statement and schedule of cost of goods manufactured. The following items (in millions) pertain to Chan Corporation:

Chan?s manufacturing costing system uses a three-part classification of direct materials, direct manufacturing labor, and manufacturing overhead costs.?

Prepare an income statement and a supporting schedule of cost of goods manufactured. (For additional questions regarding these facts, see the next problem.)

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For Specific Date Work-in-process inventory, Jan. 1, 2009 For Year 2009 Plant utilities $10 Indirect manufacturing labor Direct materials inventory, Dec. 31, 2009 Finished goods inventory, Dec. 31, 2009 Accounts payable, Dec. 31, 2009 20 Depreciation-plant and 12 20 equipment Revenues 350 Accounts receivable, Jan. 1, 2009 Work-in-process inventory, Dec. 31, 2009 Finished goods inventory, Jan 1, 2009 50 Miscellaneous manufacturing overhead 10 40 Marketing, distribution, and 06 80 customer-service costs Accounts receivable, Dec. 31, 2009 30 Direct materials purchased Direct manufacturing labor Accounts payable, Jan. 1, 2009 Direct materials inventory, Jan. 1, 2009 40 40 30 Plant supplies used Property taxes on plant