For his problem also complete t-accounts that show the flow of the product and period costs

Advertising expenses Depreciation expense-admin. office Depreciation expense-plant and equip Depreciation expense-delivery trucks Direct materials inventory, beginning Direct 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 s150,000 75,000 320,000 410,000 269,000 22,000 36,000 98,000 132,000 39,000 325,000 2,885,000 Required Prepare a statement of cost of goods manufactured and an income statement for Fair Wind Yachts, Inc., for the year ended December 31