he following information is available for Robstown Corporation for 20Y8:

Inventories	January 1	December 31
Materials	$78,650	$93,450
Work in process	108,000	96,000
Finished goods	114,750	109,800

	December 31
Advertising expense	$ 68,600
Depreciation expense-office equipment	21,250
Depreciation expense-factory equipment	14,640
Direct labor	185,050
Heat, light, and power-factory	5,250
Indirect labor	23,600
Materials purchased	124,800
Office salaries expense	76,900
Property taxes-factory	4,080
Property taxes-office building	13,250
Rent expense-factory	6,925
Sales	863,000
Sales salaries expense	137,500
Supplies-factory	3,250
Miscellaneous costs-factory	5,760

Required:

A.

Prepare the 20Y8 statement of cost of goods manufactured.*

B.

Prepare the 20Y8 income statement.*

* Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

Robstown Corporation

Statement of Cost of Goods Manufactured

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Direct materials:

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Factory overhead:

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Total factory overhead

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Total manufacturing costs

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B. Prepare the 20Y8 income statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

Question not attempted.

Score: 0/132

Robstown Corporation

Income Statement

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2	Cost of goods sold:
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9	Operating expenses:
10	Administrative expenses:
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14	Selling expenses:
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