330,000 to 101000 is incorrect insurance on plant to depreciation expense amount are wrong

blem Saved Consider the following information for Fair Wind Yachts Inc., a manufacturer of sailboatric Advertising expenses Depreciation expense administrative office Depreciation expense-plant and equipment Depreciation expense-delivery trucks Materials inventory, beginning Materials inventory, ending Direct materials purchases Direct labor Indirect labor Finished goods inventory, beginning Finished goods inventory, ending Insurance on plant Heat and light for plant Repairs on plant building Supervisor's salary-plant Supplies-plant Supplies-administrative office Work-in-process inventory, beginning Work-in-process inventory, ending Sales representatives' salaries Sales revenue 160,000 79,000 330,000 52,000 26,000 33,000 460,000 552.000 289,000 57,000 47.000 38,000 26,000 41,000 101,000 134,000 81,000 36,000 43.000 330.000 3,093,000 Required: Prepare a statement of cost of goods manufactured and an income statement for Fair Wind Ya Complete this question by entering your answers in the tabs below. Income Fair Wind Yachts Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Beginning materials inventory $ 26.000 Materials purchases 460,000 Materials available 486,000 Less: Ending materials inventory (33,000) Direct materials used Direct labor Factory overhead Indirect labor $ 289,000 Insurance on plant 330,000 Heat and light for plant 38,000 Repairs on plant building 26,000 Supervisor's salary plant 41,000 Depreciation expense plant and equipment 101.000 Supplies-plant 134,000 $ 453,000 552,000 Total factory overhead Total manufacturing costs to account for Add: Beginning work-in-process inventory Total manufacturing costs Less: Ending work-in-process inventory Cost of goods manufactured 959.000 1,964,000 36,000 (43,000) 1.957.000 $ Income Statement ME Prev 1 of 1 Neyt