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Information for Pidris Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured for the year ended December 31;

Information for Pidris Metalworks as of December 31 follows.

Prepare (a) the company's schedule of cost of goods manufactured for the year ended December 31; (12 Points).

(b) prepare the company's income statement that reports separate categories for selling and general and administrative expenses. (12 Points).

Administrative salaries expense

$ 135,000

Depreciation expenseFactory equipment

52,400

Depreciation expenseDelivery vehicles

36,200

Depreciation expenseOffice equipment

24,800

Advertising expense

22,350

Direct labor

268,000

Factory supplies use

12,000

Income taxes expense

91,500

Indirect labor

35,000

Indirect material

24,000

Factory insurance

15,500

Factory utilities

14,000

Factory maintenance

7,500

Inventories

Raw materials inventory, January 1

32,000

Raw materials inventory, December 31

28,000

Work in Process inventory, January 1

33,780

Work in Process inventory, December 31

37,460

Finished goods inventory, January 1

56,970

Finished goods inventory, December 31

62,000

Raw materials purchases

325,000

Rent expenseFactory

50,000

Rent expenseOffice space

24,000

Rent expenseSelling Space

24,000

Sales salaries expense

97,500

Sales

1,452,000

Sales discounts

29,000

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