The following information applies to the McAdoo Company for the year. 
Required:
Prepare a statement of cost of goods manufactured and an income statement for the year.
Definitions:
Type I Error
The incorrect rejection of a true null hypothesis, also known as a "false positive".
F-test Statistic
A ratio of two variances that follows an F-distribution, used to compare statistical models or test hypotheses about the equality of variances.
Larger Sample Variance
Refers to a greater dispersion or spread of a set of sample data points from their mean, compared to another set of data points.
F-test
A statistical test used to compare the variances of two populations and is based on the F-distribution.
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