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

Depreciation expenseadministrative office	$ 32,700
Depreciation expenseplant and equipment	87,000
Direct laborwages	495,300
Materials Inventory, December 31	27,500
Materials Inventory, January 1	20,000
Direct materials purchases	160,000
Finished goods inventory, December 31	24,400
Finished goods inventory, January 1	15,200
Heat, light, and powerplant	44,600
Indirect labor	25,400
Property taxesplant	34,500
Sales representatives salaries	146,000
Sales revenue	1,504,000
Factory supervisors salary	66,300
Suppliesadministrative office	16,400
Suppliesplant	29,200
Work-in-process inventory, December 31	9,400
Work-in-process inventory, January 1	23,500

Required:

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

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

repare an income statement for Huntersville for the year ended December 31.

Huntersville, Inc.
Income Statement
For the Year Ended December 31
Cost of goods sold
Cost of goods available for sale
Cost of goods sold
Total selling & administrative expenses