Materials Work in process Finished goods Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory Required: $77,350 109,200 113,750 $95,550 96,200 100,100 $68,250 22,750 14,560 186,550 5,850 23,660 123,500 77,350 4,095 13,650 6,825 864,500 136,500 3,250 4,420

Materials \begin{tabular}{lr} $77,350 & $95,550 \\ 109,200 & 96,200 \\ 113,750 & 100,100 \end{tabular} Advertusing expense $68,250 Depreciation expense-office equipment 22,750 Depreciation expense-factory equipment 14,560 Direct labor 186,550 Heat, light, and power-factory 5,850 Indirect labor 23,660 Materials purchased 123,500 office salaries expense 77,350 Property taxes-factory 4,095 Property taxes-headquarters building 13,650 Rent expense-factory 6,825 Sales 864,500 Sales salaries expense 136,500 Supplies-factory 3,250 Miscellaneous costs-factory 4,420 Required: 1. Prepare the statement of cost of goods manufactured. Enter all amounts as positive numbers. 2. Prepare the income statement. Sales v Cost of goods sold: Finished goods inventory, January 1,20Y6v Cost of direct materials used x Cost of direct materials used x Cost of matenals avalable for use. x Gross profit = Operatino expenses: Administrative expenses: Sales satiriescopense x Advertising experase =x Costof coodssold x Selling expenses: Advertising expen: =x Sales anlures expense = Total operating expenses