Managerial Accounting: E3-8 The following data from the just completed year (Eccles Company)

Managerial Accounting 
E3-8 
The following data from the just completed year are taken from the accounting records of Eccles Company: 
Sales 660,000 
Direct labor cost 81,000 
Raw material purchases 131,000 
Selling expenses 103,000 
Administrative expenses 44,000 
Manufacturing overhead applied to work in process 208,000 
Actual manufacturing overhead costs 229,000 

Inventories: Beginning of Year End of Year 
Raw materials 8,900 10,100 
Work in process 5,700 20,400 
Finished goods 78,000 26,000 

Required: 
1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. (Input all amounts as positive values.) 
2. Prepare a schedule of cost of goods sold. (Input all amounts as positive values.) 
3. Prepare an income statement. (Input all amounts as positive values.) 
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