homework help on statement of cost of goods manufactured & income statement please and thank you !
The following information is available for Robstown Corporation for 20Y8 Inventories January 1 December 31 Materials $352,000 5436,200 Work in process 632,000 590,800 574,000 Finished goods 606,200 December 31 $ 295,400 43,800 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment 56.340 Direct labor 669,400 Heat light, and power-factory 22.220 sek Instructions December 31 S 295,400 Advertising expense Depreciation expense-office 43,800 equipment 56,340 Depreciation expense-factory equipment Direct labor 669,400 Heat, light, and power-factory 22,220 Indirect labor 77,000 659,200 Materials purchased Office salaries expense 185.300 18,500 Property taxes.factory Property taxes-office building Rent expense-factory 31,600 33,000 Sales 3.015.000 Sales salaries expense 418.000 Instructions Property taxes-office building Rent expense-factory 31,600 33,000 Sales 3,015,000 418,000 Sales salaries expense Supplies-factory Miscellaneous costs-factory 15,200 9,700 Required: a. Prepare the 20Y8 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign Prepare the 2018 income statement *Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries W Instructions Amount Descriptions Statement of Cost of Goods Manufactured Statement of Cost of Goods Manufactured Shaded cells have Statement of Cost of Goods Manufactured For the Year Ended December 31, 2078 1 2 Direct materials: $352.000.00 4 659.200.00 5 Materials inventory, January 1, 2018 Purchases Cost of materials available for use Materials inventory, December 31, 2018 Cost of direct materials used in production $1.011.200.00 1,011.200,00 5 1 $575.000.00 669,400.00 1 Direct labor Factory Overhead 556.340.00 10 Depreciation expense factory equipment Heat, light, and power-factory Indirect labor 22.220.00 77.000.00 Check My Work statement of cost Amount Descriptions Statement of Cost of Goods Manufactured Shaded cells have feedback x Statement of Cost of Goods Manufactured Here and power 12 Indirect labor 77.000.00 18.500,00 33.000.00 15,200.00 9.700.00 231.960.00 15 Property taxes factory 34 Rent expense-factory 15 Supplies-factory 36 Miscellaneous costs-factory 1. Total factory overhead 1 Total manufacturing costs incurred in 2018 Total manufacturing costs 2 Work in process inventory December 31, 2018 21 Cost of goods mandactured 437.440,00 437,440.00 632.000.00 $478.640.00 Point 30.13/36 Previous Check My Work ncome Statement Shaded cels have feedback X Robstown Corporation Score: 113/148 Income Statement For the Year Ended December 31, 2048 $3.015.000.00 606,200.00 478.640.00 1 Sales 2 Cost of goods sold * Finished goods inventory, January 1, 2018 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventoryDecember 31, 2018 Cost of goods sold Gross profit 1.658,840,00 574,000.00 1.658.840.00 1.356.160,00 Check My Work Previous NM Income Statement Shaded cells have feedback X 1.356,160,00 Gross profit Operating expenses - Administrative expenses Depreciation expense office equipment 12 Office stresses Property taxes-office building Selling expenses 15 Advertising expense Sales salaries expense Total Operating expenses 543,800.00 185.300.00 15 31.600.00 5295.400.00 713.400.00 11 11 Net income 382.060.00 $387.060.00 In Points 2291/30 My Work Previous BN ME
