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Sine $3$ Ext

Problem $2-81($Algo$)$ Reconstruct Financlal Statements $($LO $2-1,6)$

Omira Cycle Parts manofactures components for motorcycle and off$-$road vehicles. The compary's administrative and manufacturing operations share the company's only building. Eighty percent of the building is used for mannfacturing, and the remainder is used for administrative activities. Indirect labor is $8$ percent of direct labor.

As the cost analyst at Omira, you have gathered the following information for the year ended December $3$t:

Required:

a$.$ Piepare a cost of goods manufsctured and sold statement.

b$.$ Prepare an income statement.

Complete this question by entering your answers in the tabs below.

coom and

rriok cime.

Income thersPrev

$1$ of $2$

NextPrepare a cost of goods manufactured and sold statement and an income statement.

Omira Cycle Parts

Income Statement