Melville Manufacturing produces metal components for automotive suppliers. Financial records for September show the following: Administrative...

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Melville Manufacturing produces metal components for automotive suppliers. Financial records for September show the following: Administrative salaries Depreciation on the administrative building $ 2,643,000 1,160,000 Depreciation on the manufacturing plant 1,768,000 Direct labor 4,710,500 Direct materials inventory, September 1 1,087,200 Direct materials inventory, September 1,253,000 30 Direct materials purchased during the month 8,974,000 675,000 1,660,000 1,387,500 Distribution costs Finished goods inventory, September 1 Finished goods inventory, September 30 Indirect manufacturing labor Insurance (on manufacturing plant). Legal fees Maintenance (on the manufacturing plant) Manufacturing plant utiities Marketing costs Other manufacturing plant costs Sales revenue Taxes (on manufacturing plant and property) Work-in-process inventory, September 1 Work-in-process inventory, September 30 Required: 560,000 71,200 514,300 233,400 802,100 767,250 648,880 22,672,920 233,600 421,250 414,700 a. Prepare a cost of goods manufactured and sold statement. b. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGM and Income stateme... Prepare an income statement. Note: Loss amounts should be indicated with a minus sign. Sales revenue Melville Manufacturing Income Statement For the Month Ending September 30 Less: Cost of goods sold Total operating costs 0 Melville Manufacturing produces metal components for automotive suppliers. Financial records for September show the following: Administrative salaries Depreciation on the administrative building $ 2,643,000 1,160,000 Depreciation on the manufacturing plant 1,768,000 Direct labor 4,710,500 Direct materials inventory, September 1 1,087,200 Direct materials inventory, September 1,253,000 30 Direct materials purchased during the month 8,974,000 675,000 1,660,000 1,387,500 Distribution costs Finished goods inventory, September 1 Finished goods inventory, September 30 Indirect manufacturing labor Insurance (on manufacturing plant). Legal fees Maintenance (on the manufacturing plant) Manufacturing plant utiities Marketing costs Other manufacturing plant costs Sales revenue Taxes (on manufacturing plant and property) Work-in-process inventory, September 1 Work-in-process inventory, September 30 Required: 560,000 71,200 514,300 233,400 802,100 767,250 648,880 22,672,920 233,600 421,250 414,700 a. Prepare a cost of goods manufactured and sold statement. b. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGM and Income stateme... Prepare an income statement. Note: Loss amounts should be indicated with a minus sign. Sales revenue Melville Manufacturing Income Statement For the Month Ending September 30 Less: Cost of goods sold Total operating costs 0

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To prepare the cost of goods manufactured and sold statement we need to calculate the various compon... View the full answer