Please don't give image format Jordan Manufacturing Company was started on January 1, Year 1. The company was affected by the following events during its firstyear of operation.1. Acquired $2,300 cash from the issue of common stock.2. Paid $530 cash for direct raw materials.3. Transferred $360 of direct raw materials to work in process.4. Paid production employees $620 cash.5. Paid $390 cash for manufacturing overhead costs.6. Applied $235 of manufacturing overhead costs to work in process.7. Completed work on products that cost $980.8. Sold products that cost $890 for $1,600 cash.9. Paid $340 cash for selling and administrative expenses.10. Made a $80 cash distribution to the owners.11. Closed the Manufacturing Overhead account.Requireda. Record these events in a horizontal statements model. The first event is shown as an example.b. Prepare a schedule of cost of goods manufactured and sold.Complete this question by entering your answers in the tabs below.Required A Required BRecord these events in a horizontal statements model. The first event is shown as an example.Note: Enter decreases to account balances with a minus sign.EventNumber1.23.45.6.7.Cash$ 2,300 ++.+ManufacturingOverhead.+AssetsRawMaterialsWork inProcessFinishedGoodsStockholders' EquityCommon RetainedStockEarnings$ 2,300+++< PrevRevenue Expense5 of 5NextNetIncome 39esa. Record these events in a horizontal statements model. The first event is shown as an example.b. Prepare a schedule of cost of goods manufactured and sold.Complete this question by entering your answers in the tabs below.Required A Required BPrepare a schedule of cost of goods manufactured and sold.JORDAN MANUFACTURING COMPANYSchedule of Cost of Goods Manufactured and SoldFor the Year Ended December 31, Year 1Raw materials availableRaw materials usedTotal manufacturing costsTotal work in process inventoryCost of goods manufacturedCost of goods available for saleCost of goods sold< Required ARequired >

By analyzing the schedule of the cost of goods manufactured and sold, companies can evaluate their…

Jordan Manufacturing Company was started on January 1, Year 1. The company was affected by the following events during its first year of operation. 1. Acquired $2,300 cash from the issue of common stock. 2. Paid $530 cash for direct raw materials. 3. Transferred $360 of direct raw materials to work in process. 4. Paid production employees $620 cash. 5. Paid $390 cash for manufacturing overhead costs. 6. Applied $235 of manufacturing overhead costs to work in process. 7. Completed work on products that cost $980. 8. Sold products that cost $890 for $1,600 cash. 9. Paid $340 cash for selling and administrative expenses. 10. Made a $80 cash distribution to the owners. 11. Closed the Manufacturing Overhead account. Required a. Record these events in a horizontal statements model. The first event is shown as an example. b. Prepare a schedule of cost of goods manufactured and sold.