The following information is available for Marks Company at December 31, 2017: 
Instructions
(a) Prepare a condensed cost of goods manufactured schedule.
(b) Prepare an income statement for the year through gross profit.
Definitions:
Chemical Compound
A substance composed of two or more elements chemically bonded together in a fixed proportion.
Human Health
The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.
Clean Water Act
A principal United States federal law, established in 1972, aiming to regulate pollutant discharges into the waters of the United States and to ensure water quality.
Penalties
Punishments imposed for violating a law, rule, or contract.
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