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information for the year ended December 31, 2010:Sales 110,000Direct materials used 20,800Indirect production costs-fixed 10,400Indirect production costs-variable 6,600Direct labor fixed 12,300 Direct labor-variable 22,300Selling expenses-fixed 33,040Selling expenses-variable 33,440Finished goods inventory, January 1, 2010 12,000Finished goods inventory, December 31, 2010 22,000Work in process inventory, January 1, 2010 0Work in process inventory, December 31, 2010 0Requirements:A) Compute the Cost of Goods Manufactured for the year ended December 31, 2010.B) Compute the Cost of Goods Sold for the year ended December 31, 2010.C) Compute the Net Income(Loss) for the year ended December 31, 2010.
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