Instructions The following information is available for Robstown Corporation for 2048: Inventories January 1 $352,000 December 31 $436,200 Materials Work in process 632,000 590,800 Finished goods 606,200 574,000 December 31 $ 295,400 43,800 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory 56,340 669,400 22,220 Indirect labor 77,000 659,200 185,300 Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory 18,500 31,600 33,000 Sales 3,015,000 418,000 Sales salaries expense Supplies-factory 15,200 Miscellaneous costs-factory 9.700 Score: 85/150 Robstown Corporation Income Statement (Label) 1 Sales 5 4 5 17 2. Cost of goods sold: Finished goods inventory, January 1, 2018 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31, 2018 Cost of goods sold Gross profit Operating expenses Administrative expenses: Office salaries experse Depreciation expense office equipment Property taxes-office building 14 Selling expenses: Advertising expense Sales salaries expense Total operating expenses 10 11 12 13 15 16 12 * Net income Statement of Cost of Goods Manufactured Shaded cells ha Statement of Cost of Goods Manufactured For the Year Ended December 31, 2048 1 Work in process inventory. January 1, 2048 2 Direct materials: Materials inventory, January 1. 20Y8 Purchases 3 + 5 6 Z 8 Factory overhead: 10 Indirect labor 13 11 Depreciation expense-factory equipment Heat, light, and power-factory 15 Property taxes.factory * Supplies factory 1 Miscellaneous costs-factory Rent expense-factory 16 17 18 19 Total manufacturing costs 20 Work in process inventory. December 31, 2048 21 Cost of goods manufactured LE Labels and Amount Descriptions Labels For the Year Ended December 31, 2048 For the Month Ended December 31, 2048 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, 2048 Finished goods inventory, January 1, 2048 Gross profit Heat, light and power-factory indirect labor Materials inventory, December 31, 2048 Materials inventory, January 1, 2018 Miscellaneous costs-factory 1 18 Net income 19 Office salaries expense 20 Purchases