The following data refer to Mister Munchie, Inc. for the year 20x4.

Required:
1. Prepare Mister Munchie€™s schedule of cost of goods manufactured for 20x4.
2. Prepare the company€™s schedule of cost of goods sold for 20x4. The company closes overapplied or underapplied overhead into Cost of Goods Sold.
3. Prepare the company€™s income statement for20x4.

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Work-in-process inventory, 12/31 24,300 Utilities for sales and administrative ofifices7,500 Selling and administrative salaries.41,400 ther selling and administralive expenss 12,000 Insurance on factory and equipment... Work-in-process inventory, 12/31x4 24,900 Depreciation on factory building Finished-goods inventory, 12313 Indirect material used.. Depreciation on factory equipment.. 6,300 Raw-material inventory, 12/314 Raw-material inventory, 12/313 Property taxes on factory Finished-goods inventory, 12/31446,200 Applied manufacturing overhea Purchases of raw mateal in 204. 117,000 Sales revene Utilities for factory18,000Incorne tax expense. Cash, 12/3114. 10,800 Indirect-labor cost incumed 87,000 11,400 3,600 237,000 33,000 .9,300 5,100 174,000 617 400 5,300 5,100 42,000 Depreciation on cars used by sales personnel 14,700 Direct-labor cost incuTed 30,300 Rental for warehouse space to store raw material 7,200 Rental of space for company president's oftfice 7,500 Acounts receivable, 12/31/x4