Chapter 15 Group Activities Question PR 15-5A: Statement of Costs of Goods Manufactured (COGM) and Income Statement for a manufacturing Company The following information is available for Robstown Corporation for 20YY: Inventories January 1 December 31 Raw Materials (RM) $44,250 $31,700 Work in process (WIP) 63,900 80,000 Finished Goods (FG) 101,200 99,800 Other Expenses Advertising expense Depreciation expense - office equipment Depreciation expense - factory equipment Direct labor Heat, light and power - factory Indirect labor Material purchased Office salaries expense Property taxes - factory Property taxes - office building Rent expense - factory Sales Sales salaries expense Supplies - factory Miscellaneous costs -factory 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 318,000 40,000 25,000 27,000 3,850,000 200,000 9,500 11,400 Instructions: 1. Prepare the 20YY Statement of Cost of Goods Manufactured (COGM)| 2. Calculated the cost of Goods Sold (COGS) 3. Prepare the 20YY Income Statement. 1 Chapter 15 Group Activities Question Prob. 15-5A (FIN MAN); Prob. 1-5A (MAN) 1. Robstown Corporation Statement of Cost of Goods Manufactured For the Year Ended December 31, 20YY $ $ $ 2. Robstown Corporation Statement of Cost of Goods Sold For the Year Ended December 31, 20YY $ 2. Chapter 15 Group Activities Question 3. Robstown Corporation Income Statement For the Year Ended December 31, 20YY $ $ $