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structions nocera Inc. is a designer, manufacturer, and distributor of custom gourmet kitchen knives. A new kitchen lile series called the Kitchen Ninja was released for production in 2013. In the company spent $600,000 to develop a late night advertising informer for the new product During 2048, the company spent and Stora 31.400.000 promoting the product through these intercond 5800.000 in legal costs. The knives were ready for manufacture on January 1, 2018 Ginocer uses a new to m e osoited with the Khen Theundre materials cost for the ) 54.00 Hardened steel blanks (used for that and b Wood for handie) Packaging raw material sole are stamped into a single piece of metal that includes both the b a nd The production process is straightforward. First, the hardened steel banks, which the shaft. The stamping m e rgures one hour 250knives Ater the t ested they we brought to an assembly where are cres the handle to re a d the intento decorative to the director cost 5050 perut The rive sold toores Esche promotion s e 1020 m o st 500 per store in addition song cor Totalcomed production was 1.200.000 during the year One Number of customers Number of invold Wholesale price to work a des and in process Factory overhead cost is applied to jobs at the rate of 5000 per stamping machine hour after the knife blankes are stamped. There were an additional 25.000 stampedr and waiting to be assembled on December 31, 20Y8. Required: for 1. Prepare an annual income talement for the kitchen ihjainie series, holding supporting calculations from the information provided to the Nat of Amount Description for exact wording of the answer choices for tedentries 2. Determine the balances in the work in process and finished goods inventories for the Kitchen Ninja interes on December 31, 2078 in your computation required, round interim per unit cost to the decimal places Amount Descriptions Cost of goods sold Factory overhead Gross profit Income from operations Infomercial campaign Legal expenses Loss from operations Promotional materials Sales BE Shipping expenses Total selling and administrative expenses Total selling expenses Work in process Income Statement 1. Prepare an amual income statement for the Kichen Ninja nie wie, including supporting calculations, from the information provided Refer to the Red of Amount Deaorpion for exact wording of the answer choices for testere in your computations quired, round interim per unit cost two decimal places Ginocera Inc. Income Statement For the Year Ended December 31, 2048 Selling and administrative expenses Selling expenses Administrative expenses. Final Question evento ja knife series on December 31, 2018 in your computation, required round temperanto 2. Determine the balance in the work in process and finish decimal places Finished Goods Work in Process structions nocera Inc. is a designer, manufacturer, and distributor of custom gourmet kitchen knives. A new kitchen lile series called the Kitchen Ninja was released for production in 2013. In the company spent $600,000 to develop a late night advertising informer for the new product During 2048, the company spent and Stora 31.400.000 promoting the product through these intercond 5800.000 in legal costs. The knives were ready for manufacture on January 1, 2018 Ginocer uses a new to m e osoited with the Khen Theundre materials cost for the ) 54.00 Hardened steel blanks (used for that and b Wood for handie) Packaging raw material sole are stamped into a single piece of metal that includes both the b a nd The production process is straightforward. First, the hardened steel banks, which the shaft. The stamping m e rgures one hour 250knives Ater the t ested they we brought to an assembly where are cres the handle to re a d the intento decorative to the director cost 5050 perut The rive sold toores Esche promotion s e 1020 m o st 500 per store in addition song cor Totalcomed production was 1.200.000 during the year One Number of customers Number of invold Wholesale price to work a des and in process Factory overhead cost is applied to jobs at the rate of 5000 per stamping machine hour after the knife blankes are stamped. There were an additional 25.000 stampedr and waiting to be assembled on December 31, 20Y8. Required: for 1. Prepare an annual income talement for the kitchen ihjainie series, holding supporting calculations from the information provided to the Nat of Amount Description for exact wording of the answer choices for tedentries 2. Determine the balances in the work in process and finished goods inventories for the Kitchen Ninja interes on December 31, 2078 in your computation required, round interim per unit cost to the decimal places Amount Descriptions Cost of goods sold Factory overhead Gross profit Income from operations Infomercial campaign Legal expenses Loss from operations Promotional materials Sales BE Shipping expenses Total selling and administrative expenses Total selling expenses Work in process Income Statement 1. Prepare an amual income statement for the Kichen Ninja nie wie, including supporting calculations, from the information provided Refer to the Red of Amount Deaorpion for exact wording of the answer choices for testere in your computations quired, round interim per unit cost two decimal places Ginocera Inc. Income Statement For the Year Ended December 31, 2048 Selling and administrative expenses Selling expenses Administrative expenses. Final Question evento ja knife series on December 31, 2018 in your computation, required round temperanto 2. Determine the balance in the work in process and finish decimal places Finished Goods Work in Process