Response to the following :
Income statement and schedule of cost of goods manufactured. The following items (in millions) pertain to Chan Corporation:
![2040_Income statement.jpg](https://secure.tutorsglobe.com/CMSImages/2040_Income statement.jpg)
Chan's manufacturing costing system uses a three-part classification of direct materials, direct manufacturing labor, and manufacturing overhead costs.
Prepare an income statement and a supporting schedule of cost of goods manufactured. (For additional questions regarding these facts, see the nextproblem.)