Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Instructions Statement of Cost of Goods Manufactured For the Year Ended December 31, 2016 1 2 Direct materials 3 5 1 Factory overhead 30 12 14 15 12 Total factory overhead 11 - Total manufacturing costs 32 income Stromart B. Prepare the 2016 come are more to me Amount Descriptions provided for the exact word or newer chores tres ressorted Enter amounts as poate numbers The New Corporation Income For the End December 31, 2018 + Cart of good 1 1 1 Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Instructions The following information is available for The NewQuest Corporation for 2016: January 1 December 31 $78,900 Inventores Materials Work in process Finished goods $99,850 95,500 109,800 113,750 109,000 December 31 $ 68,200 21.000 14,780 186,800 5,650 24,700 123,600 w Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Oflice salaries expense Property taxes.factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs.factory 74.900 4.000 13,800 6.550 082 500 138.500 2.750 5,120 Required: A. Prepare the 2010 statement of cost of goods manufactured. B. Prepare the 2010 income statement Statement of Cost of Goods Manufacture Amount Descriptions Amount Descriptions Advertising expense Cost of direct materials used Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Depreciation expense-factory equipment Depreciation expense-office equipment Direct labor Finished goods inventory, December 31, 2018 Finished goods inventory, January 1, 2016 Gross profit Heat, light, and power factory Indirect labor Materials inventory, December 31, 2016 Materials inventory, January 1, 2016 Miscellaneous cos-factory Net income Office salaries expense Property taxes-factory Property taxes office building Purch Rent expense-factory 10:57:46 Finished goods Inventory, December 31, 2016 Finished goods Inventory, January 1, 2018 Gross profit Heat, light, and power-actory Indirect labor Materials inventory, December 31, 2016 Materials inventory, January 1, 2016 Miscellaneous cost-factory Net income Office salaries expense Property taxes-factory Property taxes-office building Purchases Rent expense-factory Sales Sales salaries expense Supplies-factory Total manufacturing costs incurred Total operating expenses Work in process inventory, December 31, 2016 Work in process inventory, January 1 2018