Chapter 1: Practice NEED-TO-KNOW COMPREHENSIVE The following account balances and other information are from SUNN Corporation's accounting records for year-end December 31, 2015. Use this information to prepare (1) a table listing factory overhead costs, (2) a schedule of cost of goods manufactured (show only the total factory overhead cost), and (3) an income statement. Advertising expense Amortization expense-Factory patents Bad debts expense $85,000 16,000 28,000 Work in process Inventory, Dec. 31, 2014 Work in process inventory Dec. 31, 2015 Income taxes. $ 8,000 9,000 53,400 Depreciation expense-Office equipment 37,000 Indirect labor. 26,000 Depreciation expense-Factory building 133,000 Interest expense 25.000 Depreciation expense-Factory equipment 78,000 Miscellaneous expense $5,000 Direct labor 250,000 Property taxes on factory equipment 14.000 Factory Insurance used up 62,000 Raw materials inventory, Dec. 31, 2014. 60.000 Factory supervisor salary 74,000 Factory supplies used 21,000 Raw materials inventory, Dec. 31, 2015) Raw materials purchases 78,000 313,000 Factory utilities 115,000 Repairs expense-Factory equipment 31.000 Finished goods inventory, Dec. 31, 2014 15,000 Salantes expense 150,000 Finished goods inventory, Dec. 31, 2015 12.500 Sales 1,630.000 Product Cost Product Cost Period Cost Factory Overhead Cost DIRECT Material ACCOUNT TITLE (DM) Avertising Expense 85,000