Published by admin at October 9, 2023 The first three costs are allocated proportionately on the basis of square feet occupied by the three functional areas. A review of the company’s facilities revealed the following percentages would be appropriate: manufacturing, 50%; sales, 30%; and administrative, 20%. Depreciation is allocated 70, 20, and 10%, respectively. Instructions Prepare a schedule of cost of goods manufactured in good form. Prepare an income statement in good form.