Instructions Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Instructions The following information is available for Robstown Corporation for 20Y8: December 31 Inventories Materials Work in process Finished goods January 1 $44,250 63,900 101,200 80,000 99,800 December 31 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor $ 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory 318,000 40,000 25,000 Sales 27,000 3,850,000 200.000 Sales salaries expense Check My Work Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense December 31 $ 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 318,000 40,000 25,000 27,000 3,850,000 200,000 9,500 11,400 Property taxes-factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory Required: a. Prepare the 2048 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign." b. Prepare the 20Y8 income statement "Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Amount Descriptions Amount Descriptions Advertising expense Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Depreciation expense-factory equipment Depreciation expense-office equipment Direct labor Finished goods inventory, December 31, 20Y8 Finished goods inventory, January 1, 20Y8 Gross profit Heat, light, and power-factory Indirect labor Materials inventory, December 31, 20Y8 Materials inventory, January 1, 20Y8 Miscellaneous costs-factory Net income Office salaries expense Property taxes-factory Property taxes-office building Purchases Materials inventory, December 31, 20Y8 Materials inventory, January 1, 2048 Miscellaneous costs-factory Net income Office salaries expense Property taxes-factory Property taxes-office building Purchases Rent expense-factory Sales Sales salaries expense Supplies-factory Total manufacturing costs incurred in 20Y8 Total operating expenses Work in process inventory, December 31, 20Y8 Work in process inventory, January 1, 20Y8 Statement of Cost of Goods Manufactured a Prepare the 2018 statement of cost of goods manufactured. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those which you must enter subtracted or negative numbers use a minus sign Robstown Corporation Statement of Cost of Goods Manufactured For the Year Ended December 31, 2048 Direct materials Factory overhead Check My Work ( Previo All work saved Email Instructor Factory overhead 11 Total factory overhead 19 Total manufacturing costs Check My Work Robstown Corporation Income Statement For the Year Ended December 31, 2048 2 Cost of goods sold: $63,900.00 Operating expenses Administrative expenses 10 Selling expenses Check My Work
