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Can't figure any of this out. Selling expenses $ 213,000 Purchases of raw materials $ 267,000 Direct labor ?

Can't figure any of this out.

Selling expenses $ 213,000
Purchases of raw materials $ 267,000
Direct labor ?
Administrative expenses $ 160,000
Manufacturing overhead applied to work in process $ 334,000
Total actual manufacturing overhead costs $ 358,000

Inventory balances at the beginning and end of the year were as follows:

Beginning of Year End of Year
Raw materials $ 58,000 $ 34,000
Work in process ? $ 28,000
Finished goods $ 38,000 ?

The total manufacturing costs for the year were $680,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $664,000; and the net operating income was $35,000. The company’s overapplied or underapplied overhead is closed entirely to cost of goods sold.

Required:
a. Prepare a schedule of cost of goods manufactured. (Input all amounts as positive values. Omit the "$" sign in your response.)

Valenko Company
Schedule of Cost of Goods Manufactured
Direct materials:
$
:


Total raw materials available
:


Raw materials used in production



Total manufacturing cost
:


:

Cost of goods manufactured $


b.
Prepare a schedule of cost of goods sold. (Input all amounts as positive values. Omit the "$" sign in your response.)

Valenko Company
Schedule of Cost of Goods Sold
$
:


:


:

Adjusted cost of goods sold $


c.
Prepare an income statement for the year. (Input all amounts as positive values. Omit the "$" sign in your response.)

Valenko Company
Income Statement
$



Selling and administrative expenses:
$


$

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8527862.xlsx

Solution:a.
Valenko Company
Schedule of Cost of Goods Manufactured
Direct materials:
Beginning raw materials
Purchases of raw materials $58,000
$267,000 Total raw materials available
Less ending...

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