Consider the following information for Huntersville Inc. for the fiscal year ended December 31.

Depreciation expenseadministrative office	$	33,750
Depreciation expenseplant and equipment		88,500
Direct laborwages		507,000
Materials Inventory, Dec. 31		29,750
Materials Inventory, Jan. 1		21,500
Direct materials purchases		167,500
Finished goods inventory, Dec. 31		24,400
Finished goods inventory, Jan. 1		15,500
Heat, light, and powerplant		45,500
Indirect labor		26,000
Property taxesplant		35,250
Sales representatives salaries		147,500
Sales revenue		1,541,000
Factory supervisors salary		66,750
Suppliesadministrative office		17,000
Suppliesplant		29,500
Work-in-process inventory, Dec. 31		10,000
Work-in-process inventory, Jan. 1		24,250

Required:

Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31.

Complete this question by entering your answers in the tabs below.

• Stmt of COGM
• Income Statement

Prepare a statement of cost of goods manufactured for Huntersville for the year ended December 31.

Huntersville, Inc
Statement of Cost of Goods Manufactured
For the Year Ended December 31
Direct materials
Materials available
Direct materials used
Factory overhead
Total factory overhead
Total manufacturing costs
Total manufacturing costs to account for
Cost of goods manufactured