Cost of Goods Manufactured, Income Statement Orman Company produces neon-colored covers for tablets (e.g., iPads). For last year, Orman reported the following: Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 $ 13,180 28,270 113,160 Finished goods inventory, December 31 85,220 Direct materials inventory, January 1 3,440 Direct materials inventory, December 31 2,810 Direct materials purchased 184,310 Direct labor 138,950 Plant depreciation 19,580 Salary, production supervisor Indirect labor Utilities, factory Sales commissions 46,720 68,200 15,700 42,200 Salary, sales supervisor 75,050 Depreciation, factory equipment 31,660 Administrative expenses 168,020 Supplies (40% used in the factory, 60% used in the sales 17,800 office) Advertising expense 43,990 Last year, Orman produced 88,850 units and sold 90,790 units at $10.80 per unit. Required: 1. Prepare a statement of cost of goods manufactured. Orman Company Statement of Cost of Goods Manufactured Direct materials: For Last Year