Exercise 19-8 Compute cost of goods manufactured and cost of goods sold from the following amounts for Brock Manufacturing Inc. (the year end is December 31, 2009): Materials inventory. Work in process inventory. Finished goods inventory. Purchases of raw materials. Direct labour... Indirect labour... Factory insurance. Amortization-factory building and equipment... Repairs and maintenance-factory. Marketing expenses. General and administrative expenses. Income tax expense. Beginning of Year End of Year $66,000 120,000 $ 84,000 90,000 54,000 75,000 224,000 246,000 45,000 27,000 48,000 12,000 231,000 97,000 90,000 Exercise 19-9 Prepare an income statement for the company in Exercise 19-8. Assume that it sold 30,000 units of its product at a price of $42 per unit during 2009. Exercise 19-10 Supply the missing amounts from the following computation of gross margin: Sales revenue. $457,000 Cost of goods sold: Beginning finished goods inventory. $91,000 Cost of goods manufactured: Beginning work in process inventory. Direct materials used. $52.000 $54,000 Direct labour. Manufacturing overhead. 61,000 Total manufacturing costs incurred during the period. 226,000 Total manufacturing costs to account for... Ending work in process inventory. (40,000) Cost of goods manufactured. Goods available for sale... Ending finished goods inventory. (107,000) Cost of goods sold. Gross margin