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Required information EX 3-31(Algo) Manufacturing Cost Flows (LO 3-2,3-5,3-6) [The following information...

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Accounting

Required information
EX 3-31(Algo) Manufacturing Cost Flows (LO 3-2,3-5,3-6)
[The following information applies to the questions displayed below.]
FlatPack Furniture Company, Incorporated, incurred the following costs during 202.
During 202, manufacturing overhead of $170,000 was applied to production. Products costing $121,000 were
finished, and products costing $132,000 were sold on account for $195,000. There were no purchases of raw
material during the year. The beginning balances in the firm's inventory accounts are as follows:
EX 3-31(Algo) Part 2 Prepare a partial balance sheet and a partial income statement...
Prepare a partial balance sheet and a partial income statement to reflect the information given above.
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