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1.The following data have been taken from the accounting records of Genesee Corporation for the year ended December 31, 2019. sales $800 Purchases of raw

1.The following data have been taken from the accounting records of Genesee Corporation for the year ended December 31, 2019.

sales $800

Purchases of raw materials 150

Direct labor 250

Factory supervisor's salary 60

Depreciation - Factory equipment 65

Factory insurance 20

Administrative expenses 100

Indirect labor 30

Factory utilities 19

Selling expenses 155

Factory maintenance 15

Inventory Account Balances:

Raw materials inventory - January 1, 2019 12

Raw materials inventory - December 31, 2019 10

Work in process inventory - January 1, 2019 50

Work in process inventory - December 31, 2019 60

Finished goods inventory - January 1, 2019 110

Finished goods inventory - December 31, 2019 100

a.show a Schedule of Cost of Goods Manufactured for 2019.

b.show an Income Statement, including the calculation of Cost of Goods Sold for 2019.

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