NOTE: Please solve and explain 3 types.

Especially Income Statement for Cost Accounting

Cost Accounting/Managerial Accounting

A. Cost of Goods Manufactured Statement

B. Cost of Goods Sold

C. Income Statement for Cost Accounting

Example: John Manufacturing Company, a manufacturer of soda bottles, had the following inventory balances at the beginning and end of 2018. Raw material (Opening) Raw material (Closing) Work in process (Opening) Work in process (Closing) Finished goods (Opening) Finished goods (Closing) $ 240 000 280 000 480 000 460 000 600 000 660 000 During 2018, the company purchased $1 000 000 of raw material and direct labor incurred of $1 600 000. Manufacturing overhead costs were as follows: $ Indirect material 40 000 Indirect labor 100 000 Depreciation on plant and equipment 400 000 Utilities 100 000 Other 120 000 Sales revenue was $4 105 000 for the year. Selling and administrative expenses for the year amounted to $110 000. Required: Prepare Cost of goods manufactured statement Prepare Cost of goods sold statement. Prepare Income Statement for Cost Accounting