Instructions Mifacturing company Statement of Cost of Goods Manufactured Income Statement The following information is available for Robstown Corporation for 2018: Inventories Materials January 1 $352,000 December 31 $437,000 Work in process 825,800 592,800 Finished goods 505,200 576,000 December 31 Advertising expense Depreciation expense-office equipment $294.200 44,700 Depreciation expense-factory equipment 56,200 Direct labor 669,600 Heat, light, and power-factory 22,060 Indirect labor 76.750 Materials purchased 658,200 Office salaries expense 184.200 Property taxes-factory 17.000 Property taxes-office building 31,000 Rent expense-factory 32.100 Sales 3.015.000 Sales salaries expense 418.000 Supplies-factory 16.200 Miscellaneous coats-factory 9.600 Labels and Amount Descriptions Labels For the Year Ended December 31, 2018 For the Month Ended December 31, 2018 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, 2018 Finished goods inventory, January 1, 2018 Gross proft Heat, light, and power-factory Indirect labor Materials inventory. December 31, 2018 Materials inventory, January 1, 2018 Instructions Finished goods 605.200 578,000 Statement of Cost of Goods Manufactured Income Statement December 31 Advertising expense Depreciation expense-office equipment $204.200 44,700 Depreciation expense-factory equipment 50,200 Labels and Amount Descriptions Heat, light, and power-factory Indirect labor Materials inventory, December 31, 2018 Materials inventory, January 1, 2018 Miscellaneous costs-factory Direct labor 000,000 Net income Heat, light, and power-factory 22.060 Indirect labor 76.750 Materials purchased 658.200 Office salaries expense 184.200 Property taxes-factory 17,000 Property taxes-office building 31.600 Rent expense-factory 32.100 Sales 3.016,000 Sales salaries expense 418,000 Supples-factory 15.200 Miscellaneous cost-factory 9.600 Required a Prepare the 2018 statement of cost of goods manufactured b. Prepare the 20ys income statement Office salaries expense Purchases Property taxes-factory Property taxes-office building Rent expense-factory Supplies-factory Sales Sales salaries expense Total manufacturing costs incurred in 2018 Total factory overhead Total manufacturing costs Total operating expenses Work in process inventory, December 31, 2018 Work in process inventory, January 1, 2018 4 Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Statement of Cost of Goods Manufactured Income Statement 2 Direct materials: 3 5 9 7 B 10 Factory overhead: 22 23 24 15 Robstown Corporation Statement of Cost of Goods Manufactured (Label) Statement of cest of goods manufactored and income statement for a manufacturing company Instructions Statement of Cost of Goods Manufactured Factory overest Statement of Cost of Goods Manufactured Income Statement Labels and Amount Descriptions Label For the Year Ended December 31, 20 For the Month Ended December 31, 20 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 meals available for use Depreciation expense-factory wipment Depreciation expense-office Direct labor Finished goods inventory December 31, 201 Finished goods inventory January 1,22 Oross prof Heal light and pow-lactory Indirect labor Meras inventory, December 31, 201 Maas very January 1, 201 33 Statement of Cost of Goods Manufactured Income Statement Instructions Labels and Amount Descriptions Income Statement 2 Cost of goods sold: 3 4 M Robstown Corporation Income Statement. (Label) R Operating expenses: 10 Administrative expenses: 21 22 22 24 Selling expenses: TO Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Income Statement Cost of goods sold Operating moves Admitative expenses Seling opese Statement of Cost of Goods Manufactured Income Statement Labels and Amount Desorptions Finished goods imventry, December 11, 2 Frished goods mentory January 1, Gross proft Heat, ight and power Factory Indirect labor Materials inventory December 31, 20 Materials inventory January 20 Miscellaneous costs-factory Net income Office salaries expense Purchases Property taxestory Property taxes-office building Rant expense-actory Supplies-factory Sales Toral manufacturing out in 20 Total factory overhaat Taal manufacturing costs Tosal coarn