eBook Show Me How Calculator Print Item Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 2016: Inventories January 1 December 31 Materials $437,580 Work in process $358,670 645,610 620,500 595,110 Finished goods 608,240 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory Required: $297,120 42,010 56,450 673,870 22,320 78,760 660,750 230,600 18,380 38,070 31,070 3,093,690 379,820 15,320 9,630 1. Prepare the 2016 statement of cost of goods manufactured Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 2016 Check My Work 5 more Check Wy Work uses remaining Save and built eBook Show Me How Calculator Print Item Required: 1. Prepare the 2016 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 2016 Direct materials: bin Factory overhead: 11101110 Total factory overhead Total manufacturing costs incurred in 2016 Total manufacturing costs Cost of goods manufactured Check My Work 5 more Check My Work uses remaining 2. Prepare the 20Y6 income statement. Shanika Company Income Statement For the Year Ended December 31, 2016 Cost of good sold: Operating expenses: Administrative expenses: Selling expenses: Total operating expenses Check My Work 5 more Check My Work uses remaning