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Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,060 Direct materials used 251,500 Work in process
Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,060 Direct materials used 251,500 Work in process (1/1/2020) 31,300 Workin process (12/31/2020) 25,700 Finished goods (1/1/2020) 35,500 Finished goods (12/31/2020) 28,500 Factory utilities 40,500 Depreciation, factory equipment 34,400 Direct labour 303,500 Indirect materials 22,300 Factory manager's salary 63,700 Selling and administrative expenses 346,600 Net sales 1.246.000 42.800 Factory machinery rent Prepare a cost of goods manufactured schedule For 2020 Axtes Corporation Cost of Goods Manufactured Year Ended December 31, 2020 Prepare an income statement for 2020. (Enter negative amounts using either a negative sin preceding the numberes.-45 or parentheses (45) Axtels Corporation Income Statement S $
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