Question: Need help with the second one. Will rate! E2-38B Compute Cost of Goods Manufactured and Cost of Goods Sold (Learning Objective 5) Compute the Cost

Need help with the second one. Will rate!  Need help with the second one. Will rate! E2-38B Compute Cost

E2-38B Compute Cost of Goods Manufactured and Cost of Goods Sold (Learning Objective 5) Compute the Cost of Goods Manufactured and Cost of Goods Sold for Golden Bay Com- pany for the most recent year using the amounts described next. Assume that Raw Mate- rials Inventory contains only direct materials. Beginning End End of Year 7,500 inventory. $42,000 $36,000 Depreciation-plant building and equipment...$13,100 $21,000 $28,000 Repairs and maintenance-plant4,400 .... $76,000 of Yearof Year $33,000 Insurance on plant.. Raw materials inventory Work in process Finished goods inventory Purchases of direct materials.. Direct labor. $79,000 Marketing expenses $84,000 General and administrative expenss.... $26,500 $46,000 E2-39B Continues E2-38B: Prepare income statement (Learning Objective 5) Prepare the income statement for Golden Bay Company using the data in E2-38B for the most recent year. Assume that the company sold 39,000 units of its product at a price of $15 each during the year

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