Managerial Accounting at Kye Corporation Using the information below from Kye Corporation, please complete the following: 

1. Prepare the company’s 2019 schedule of cost of goods manufactured. 

2. Prepare the company’s 2019 multiple-step income statement, with expenses categorized into a) cost of goods sold, (b) selling expenses and (c) general and administrative expenses.

3. You are the management accountant of Kye Corp. Compose a one-page memo for the board meeting to analyze the results for both #1 and #2.

Advertising Expense	$45,000	Direct Labor	$750,000
Depreciation—Office Equipment	$10,200	Income Taxes Expense	$300,000
Depreciation—Selling Equipment	$13,000	Indirect Labor	$65,000
Depreciation—Factory Equipment	$39,000	Miscellaneous Production Costs	$135,000
Factory Supervision	$115,000	Office Salaries Expense	$67,000
Factory Supplies Used	$95,000	Raw Materials Purchases	$1,000,000
Factory Utilities	$43,000	Rent Expense-Office Space	$31,000
Inventories		Rent Expense—Selling Space	$26,000
Raw Materials, December 31, 2018	$175,000	Rent Expense—Factory Building	$87,000
Raw Materials, December 31, 2019	$190,000	Maintenance Expense—Factory Equipment	$40,000
Work In Progress, December 31, 2018	$25,000	Sales	$5,100,000
Work In Progress, December 31, 2019	$30,000	Sales Salaries Expense	$450,000
Finished Goods, December 31, 2018	$180,000
Finished Goods, December 31, 2019	$145,000