eBook Problem-Solving Strategy tatement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company he following information is available for Shanika Company for 2014: Inventories January 1 December 31 95,550 Materials 77,350 Work in process 109,200 96,200 100,100 Finished goods 113,750 68,250 Advertising expense Depreciation expense office equipment 22,750 14,560 Depreciation expense-factory equipment 186,550 Direct labor Heat, light, and power-factory 5,850 Indirect labor 23,660 Materials purchased 123,500 Office salaries expense 77,350 Property taxes-factory 4,095 Property taxes-headquarters building 13,650 Rent expense-factory 6,825 Sales 864,500 136,500 Sales salaries expense Supplies factory 3,250 Miscellaneous costs-factory 4,420