The Howell Corporation has the following account balances (in millions):

Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2013.

Transcribed Image Text:

For Specific Date For Year 2013 Direct materials, January 1, 2013 S18 Work in process, January 1, 2013 Finished goods, January 1, 2013 Purchases of direct materials 390 120 12 Direct manufacturing labour 84 Amortization-plant, building, and equipment 96 Direct materials, December 31, 2013 24 Plant supervisory salaries Work in process, December 31, 2013 6 Miscellaneous plant overhead Finished goods, December 31, 2013 6 Revenues 42 1,140 288 12 Marketing, distribution, and customer-service costs Plant supplies used Plant utilities Indirect manufacturing lab our 72