7:01 LTE Managerial Accounting homework 1 ( The following information is available for Robstown Corporation for 2048: Inventories January 1 December 31 Materials 577.600 $93.600 Work in process 109.000 96.700 Finished goods 112.000 109.900 December 31 Advertising expense $ 69,000 Depreciation expense-office equipment 23,000 Depreciation expense-factory couiment 14.000 Direct labor 186,700 Hest, liebt, and power-factory 5.900 Indirect labor 24,860 Materials purchased 123.200 Office salaries expense 75.800 Property taxes.factory 4,005 Property taxes-office building 12.000 Rent expense-factory 6.375 Sales 862.000 Sales salaries expense 135.000 Supplies-factory 3.500 Miscellaneous costs-factory Required: a. Prepare the 20Y8 statement of cost of goods manufactured. Be sure to complete the Sameer heading Refer to the list of Labels and Amower Descriptions provided for at wording of the answer choices for text entries. For those boses in which you must enter subtracted or negative metbers use a minus sign B. Prepare te 2078 incon attement. Be sure to complete the statement heading. Petersedia of Label and Amour Descriptions provided for the exact wording of the answer choice for at rester amounts positive numbers unless the amount is a calculation that results in a negative amount. For example: Not loss should be negative perses atould be patie