QUESTION $1$

Instructions:

Using the information below, prepare an abridged income statement, a schedule of cost of goods sold, and a schedule of finished goods manufactured.

The following balances are from the accounts of Affluent Productions Corp:

$\backslash$table$[[,,$January,December $31,,,],[$Supervisor$\text{'}$s salaries,$$91,000,$Indirect materials,$$19,000,$Direct materials inventory,$$47,000,$$$31,000$