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ACC 320 TESTI Question 1 The following information pertains to the Satyam Company for the year ending December 31, 2019. Hours Revenue Interest expenso Purchases of direct material Indirect Labour Beginning direct material Indirect Materials Supplies expense [netory] Supplies (factory] Depreciation of factory machines Depreciation of factory Plant Depreciation of sbop Uncanned revcutie Selling commission Marketing costs Wages [Store] Insurance expense (shop) Prepaid insurance Expense store Supplies espeise [wwel Utilities (stove Direct Labor Hours Hourly Ruite for direct labour Direct materials inventory Dec 31 2019 Work in process Jon 1 2019 Sales Rerar allowances Rent revenue Work in process Dec 21 2019 Sales Discounts Finished Goods Inventory Jan. 2019 Finished Goods Inventory Dec 2019 40,000 2300 10.000 &.000 1850 5.000 3,500 9540 2.000 2300 4.000 5620 1200 4200 6.000 2300 1450 5.000 2.500 2500 11 7.000 3.000 2100 6.000 5.000 3.000 6.000 2.500 REQUIRED 1. Prepare a COGM statement for year end 2. Prepare an income statement assurent 19% Tate to be 15% tot wear end