Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate co The Anthony Company reports the following information pertaining to its operating activities. Materials Inventory Work in Process Inventory Finished Goods Inventory Ending Beginning Balance Balance 10,000 40,000 29,000 60,000 52,000 42,000 During the year, the company purchased $40,000 of direct materials and incurred $21,000 of direct labor costs. Total manufacturing overhead costs for the year amounted to $18,000. Selling and administrative expenses amounted to $60,000, and the company's annual sales amounted to $250,000. a. Prepare Anthony's schedule of the cost of finished goods manufactured b. Prepare Anthony's income statement (ignore income taxes). Answer is complete but not entirely correct