Instructions The following information is available for Robstown Corporation for 2018 Inventories January 1 December 31 Materials $77.600 $93.600 Work in process 109,000 96,700 Finished goods 112,000 109,900 December 31 Advertising expense Depreciation expense-office equipment $ 69,000 23,000 Depreciation expense-factory equipment 14,000 Direct labor 186,700 Heat, light, and power-factory 5,900 Indirect labor 24,860 Materials purchased 123.200 Instructions Direct labor 186,700 Heat, light, and power-factory 5,900 Indirect labor 24,860 Materials purchased 123,200 Office salaries expense 75,800 Property taxes-factory 4,005 Property taxes-office building 12,600 Rent expense-factory 6,375 Sales 862,000 Sales salaries expense 135,000 Supplies-factory 3,500 4.620 Miscellaneous costs-factory Required: a. Prepare the 20Y8 statement of cost of goods manufactured b. Prepare the 20V8 income statement LBOOK Show Me HOW Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured 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 D of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Labels and Amount Descriptions Direct labor Finished goods inventory, December 31, 2018 Finished goods inventory, January 1, 2018 Gross profit Heat, light, and power-factory Indirect labor Materials inventory, December 31, 2018 Materials inventory, January 1, 2018 Miscellaneous costs-factory Net income Office salaries expense Purchases Property taxes-factory Property taxes-office building Rent expense-factory Suoolies-factor V Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Labels and Amount Descriptions Net income 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, 20YS eBook Show Me How 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 a Prepare the 2018 statement of cost of goods manufactured Statement of Cost of Goods Manufactured Instructions Direct materials: Robstown Corporation Statement of Cost of Goods Manufactured i (Label) Previous Next L 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 Factory overhead: 11 12 24 15 eBook Show Me How Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Labels and Amount Descriptions Income Statement b. Prepare the 2018 income statement Income Statement Instructions Statement of Cost of Goods Manufactured Cost of goods sold: Robstown Corporation Income Statement (Label) 4 eBook Show Me How Statement of cost of goods manufactured and income statement for a manufacturing company Instructions Income Statement Labels and Amount Descriptions Statement of Cost of Goods Manufactured x Operating expenses: 30 Administrative expenses: 11 13 34 Selling expenses: