Please use a paper so the entire full answer can reflect.

• The project includes 8 steps. Complete Step 1 - 8 by entering the appropriate accounting information in your template. Please use your name ( Ndiaye)as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.). After completing step 1 to 8 save your final template using the following name format: ACCT_2302_Project_Yourfirstname_Yourlastname, Example: ACCT_2302_Project_John_Smith.

Number 7: Prepare an Income Statement for the month using the Traditional Format on the "Income Statement" tab.

Number 8 : Answer the additional questions below Check Figure: Cost of Goods Manufactured= Net operating income= What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adjustment? What is the total applied manufacturing overhead cost during December before adjustment? What is the unadjusted cost of goods sold? Was the manufacturing overhead for the month of December overapplied/underapplied ? What is the amount of Manufacturing overhead overapplied/underapplied? What is the adjusted cost of goods sold? What is gross margin? What is the total prime cost for Job#1? What is the total conversion cost for job #1? What is the total product cost for job#1? What was the period cost incurred for the month of December? What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)