Ace202 Example Problem: COGM, COGS, I/S 4 I. Hunt Manufncturing Company had the following account balances for the quarter ending March 31 acyured: a. Prepare a cost of goods manufactured statement for the quarter. b. Prepare a cost of goods sold statement for the quarter. c. Prepare the Income Statement (ASSUME COGS is $1,647,600 ) d. Determine Prime Costs E Determine Conversion Costs Show and Label all Work on Back!!!! COST OF GOONS MANUFACTURED 5 5 Subtotal s Subtotal COGM COSTOFGOODSSOLD 5 Subtotal \$ cogs Income Statement COGS (sssume) 1,647,600 Operating Expenses: Net Income Ace202 Review Problems Exarall