COGM, COGS, IS-H2 From the following information for The Smith Manufacturing Company for 2015 prepare: a) A Statement of Cost of Goods Manufactured b) A Statement of Cost of Goods Sold c) An Income Statement $1,000,000 50,000 70,000 160,000 120,000 50,000 90,000 Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials purchased Direct labor Law Department Sales commissions Heat for the Home Office building Insurance for the factory Depreciation on factory equipment Factory cafeteria Heat for the warehouse Radio advertising Work in process, 1/1 Work in process, 12/31 Finished goods inventory, 1/1 Finished goods inventory, 12/31 Sales brochures Warehouse truck repair 29,500 100,000 10,000 20,000 45,000 100,000 110,000 105,000 71,500 22,000 5,000