Question: Help with E2.36. E2.36 (LO 4) The following information is available for Sassafras Company: Prepare a cost of goods manufactured schedule and a partial income

Help with E2.36.

E2.36 (LO 4) The following information is available for Sassafras Company: Prepare a cost of goods manufactured schedule and a partial income January 1, 2020 2020 December 31, 2020 statement. Raw materials inventory $21,000 $30,000 Work in process inventory 13,500 17,200 Finished goods inventory 27,000 21,000 Materials purchased $150,000 Direct labour 220,000 Manufacturing overhead 180,000 Sales 910,000in mode & sing .d Instructions a. Calculate the cost of goods manufactured. b. Prepare an income statement through gross profit. c. Show the presentation of the ending inventories on the December 31, 2020, balance sheet. d. How would the income statement and balance sheet of a merchandising company be different from Sassafras's financial statements

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