The following information is available for Marks Company at December 31, 2010: 
Instructions
(a) Prepare a condensed cost of goods manufactured schedule.
(b) Prepare an income statement for the year through gross profit.
Definitions:
Socio-Economic Development
The process of social and economic development in a society, which includes improvements in living standards, education, and health.
Rio +20
A United Nations conference on sustainable development held in Rio de Janeiro in 2012, marking 20 years since the first Earth Summit.
Corporate Sustainability Forum
A platform or meeting where companies discuss and share strategies for sustainable development and their impact on social and environmental issues.
UN-Sponsored
Initiatives, programs, or activities endorsed or facilitated by the United Nations to address global issues.
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