Chapter 03 Assignment Help Save Consider the following information for Fair Wind Yachts Inc., a manufacturer of sailboat rigging, blocks, and cordage. 133 oints eBook References Advertising expenses Depreciation expense-administrative office Depreciation expense-plant and equipment Depreciation expense-delivery trucks Materials inventory, beginning Materials inventory, ending Direct materials purchases Direct labor Indirect labor Finished goods inventory, beginning Finished goods inventory ending Insurance on plant Heat and light for plant Repairs on plant building Supervisor's salary-plant Supplies-plant Supplies-administrative office Work-in-process inventory, beginning Work-in-process inventory, ending Sales representatives' salaries Sales revenue $ 160,000 79,000 330,000 52,000 26,000 33,000 460,000 552.000 289,000 57.000 47,000 38,000 26,000 41.000 101,000 134,000 81,000 36,000 43,000 330,000 3,093,000 Required: Prepare a statement of cost of goods manufactured and an income statement for Fair Wind Yachts for the year ended December 31 Complete this question by entering your answers in the tabs below. Stmt of COGM Income Catamant apter 03 Assignments Fair Wind Yachts Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials eBook Materials available References Direct materials used Factory Overhead Total factory overhead Total manufacturing costs to account for Total manufacturing costs Cost of goods manufactured ter 03 ASSE O Strnt of COGM Income Statement Prepare an income statement for Fair Wind Yachts for the year ended December 31. eBook Fair Wind Yachts Income Statement For the Year Ended December 31 Terences Cost of goods sold Total goods available for sale Cost of goods sold Total selling & administrative expenses