please explain

The following data from the just completed veat are taken from the corner Company Sales Direct labor cost Raw material purchases Selling expenses $100,000 Administrative expenses Manufacturing overhead applied to work in process%202,000 Actual manufacturing overhead costs $668,000 $ 89,000 $133,000 $ 40,000 $221,000 Inventories Beginning Ending Raw materials $ 8,700 $10,700 Work in process$ 5,700 $20,900 Finished goods $73,000 $25,300 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Assume that the company's underapplied or overapplied overhead is closed to cost of Goods Sold. Make the Journal Entry. 3. Prepare an income statement. 4 pts Label all accounts for credit