Question: I uploaded multiple screenshots but its the same one question, my computer cuts it off which is why i need to use several pictures! :)

I uploaded multiple screenshots but its the same one question, my computer cuts it off which is why i need to use several pictures! :)

I uploaded multiple screenshots but its the same one question, my computercuts it off which is why i need to use several pictures!:) Empire Company is a manufacturer of smart phones. Its controller resignedin October 2020. An inexperienced assistant accountant has prepared the following income

Empire Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. $794,300 EMPIRE COMPANY Income Statement For the Month Ended October 31, 2020 Sales revenue Less: Operating expenses Raw materials purchases $263,300 Direct labor cost 190,900 Advertising expense 91,500 Selling and administrative salaries 77,400 Rent on factory facilities 62,600 Depreciation on sales equipment 44,000 Depreciation on factory equipment 32,900 Indirect labor cost 30,100 Utilities expense 12,800 Insurance expense 8,400 Net loss 813,900 $(19,600) Prior to October 2020, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows. 1. Inventory balances at the beginning and end of October were: Raw materials Work in process Finished goods October 1 $19,400 19,100 29,700 October 31 $35,300 14,700 53.400 2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. Prepare a schedule of cost of goods manufactured for October 2020. EMPIRE COMPANY Cost of Goods Manufactured Schedule $ > > V st Tevthool and Media Prepare a schedule of cost of goods manufactured for October 2020. EMPIRE COMPANY Cost of Goods Manufactured Schedule $ >

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