Cart's Custom Car Company had the following year end financial information: Beginning balance in Raw Material...

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Cart's Custom Car Company had the following year end financial information: Beginning balance in Raw Material Inventory Ending balance in Raw Material Inventory Beginning balance in Finished Goods Inventory Ending balance in Finished Good Inventory Sales Purchases of raw material G&A Expenses Selling Expenses Direct Labor Cost Manufacturing overhead applied Beginning balance in Work in Process Inventory Ending balance in Work in Process Inventory a) Prepare a schedule of cost of goods manufactured b) Prepare and Income Statement $ $ $ $ $ $ $ $ $ $ $ $ 120,000 80,000 50,000 75,000 2,700,000 300,000 750,000 250,000 1,200,000 400,000 25,000 65,000 Cart's Custom Car Company had the following year end financial information: Beginning balance in Raw Material Inventory Ending balance in Raw Material Inventory Beginning balance in Finished Goods Inventory Ending balance in Finished Good Inventory Sales Purchases of raw material G&A Expenses Selling Expenses Direct Labor Cost Manufacturing overhead applied Beginning balance in Work in Process Inventory Ending balance in Work in Process Inventory a) Prepare a schedule of cost of goods manufactured b) Prepare and Income Statement $ $ $ $ $ $ $ $ $ $ $ $ 120,000 80,000 50,000 75,000 2,700,000 300,000 750,000 250,000 1,200,000 400,000 25,000 65,000

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