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Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Instructions The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $349,000 $435,600 Work in process 630,200 593,000 Finished goods 606,400 570,000 December 31 Advertising expense $ 294,400 Depreciation expense-office equipment 42,480 Depreciation expense-factory equipment 55,700 Direct labor 668,400 Heat, light, and power-factory 22,240 Indirect labor 76,250 Materials purchased 659,000 Office salaries expense 183,700 Instructions Materials purchased 659,000 Office salaries expense 183,700 Property taxes-factory 17,400 Property taxes-office building 32,200 Rent expense-factory 32,300 Sales 3,008,000 Sales salaries expense 416,000 Supplies-factory 15,200 Miscellaneous costs-factory 10,000 Required: a. Prepare the 2048 statement of cost of goods manufactured. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided wording the answer choices for text entr For those boxes in which you must enter subtracted or negative numbers use a minus sign. b. Prepare the 20Y8 income statement. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Labels and Amount Descriptions Labels For the Year Ended December 31, 20Y8 For the Month Ended December 31, 20Y8 Amount Descriptions Advertising expense Cost of direct materials used in production 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, 2048 Finished goods inventory, January 1, 2018 Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Labels and Amount Descriptions Gross profit Heat, light, and power-factory Indirect labor Materials inventory, December 31, 20Y8 Materials inventory, January 1, 2048 Miscellaneous costs-factory Net income Office salaries expense Purchases Property taxes-factory Property taxes-office building Rent expense-factory Supplies-factory Sales Sales salaries expense Total manufacturing costs incurred in 2048 Check My Work Previous Next Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Labels and Amount Descriptions Net income Office salaries expense Purchases Property taxes-factory Property taxes-office building Rent expense-factory Supplies-factory Sales Sales salaries expense Total manufacturing costs incurred in 20Y8 Total factory overhead Total manufacturing costs Total operating expenses Work in process inventory, December 31, 2048 Work in process inventory, January 1, 2048 Check My Work