Problem su Objective: To prepare a statement of colded and Directions Account Woocory 120x1 Fished Goods20X1 Duct Labor Factory and Selling Expenses General Expenses Raw Materials inventory June 30, 20X2 Work in Process inventory, June 30, 20X2 Finished Goods inventory, June 30 20X2 100 13200 41.400 21 900 Learning Objective 6 Check Figure a Cost of goods manufactured = 5858.500 Problem 25-3A Objective: To prepare a statement of cost of goods manufactured and an income statement Directions: From the following account balances for Yale Corporation, prepare: (a) a statement of cost of goods manufactured (b) an income statement for the year ended June 30, 20X2 Account Balance Raw Materials Inventory, July 1, 20X1 $ 24,500 Work-in-Process Inventory, July 1, 20X1 51,800 Finished Goods Inventory, July 1, 20X1 31.400 Sales 936,660 Raw Materials Purchases 452,800 Direct Labor 240.000 Factory Overhead 144,000 Selling Expenses 87.300 General Expenses 44,400 Raw Materials inventory, June 30, 20X2 13.200 Work-in-Process Inventory, June 30, 20X2 41,400 Finished Goods Inventory, June 30, 20X2 21.900