Assignment for ACC 320 PART 2 Question 2 The following information pertains to the York Company for the year ending December 31, 2019. $ Hours Revenue 240,000 Interest Revenue 50,000 Purchases of raw materials 40,000 Indirect Labour 4,000 Indirect Materials 9,000 Utilities [factory] 4,500 Depreciation of factory equipment 10,000 Depreciation of factory buildings 19,000 Depreciation of admin buildings 5,000 Marketing costs 30,000 Wages [Store] 10,000 Utilities [store] 6,000 Supplies [store] 3,500 Direct Labour Hours 2000 Hourly Rate for direct labour 10 Raw materials inventory Dec 31 2019 9,000 WIP Jan 1 2019 4,000 Sales Return/ allowances 10,000 Raw Materials Jan 1 2019 3,000 WIP Dec 31 2019 15,000 Sales Discounts 10,000 Finished Goods Inventory Jan 1 2019 Finished Goods Inventory Dec 31 2019 7,000 15,000 REQUIRED 1. Prepare a COGM statement 2. Prepare an income statement [ assume interest expense to be $10000 and tax rate to be 15%]