
Concept Introduction:
Income statement: An income statement can be defined as the statement explaining the company’s financial performance over a specific accounting period. The income or revenues are recorded on the income statement along with the expenses incurred for the period.
Schedule of cost of goods manufactured: A schedule of cost of goods manufactured is a schedule explaining the flow of costs from raw material to the result as cost of goods manufactured for a period.
Overhead report (Factory
To indicate:
The listed accounted to appear on the balance sheet, income statement, and the schedule of cost of goods manufactured or a detail listing of

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