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PR 18-5A Statement of cost of goods manufactured and income manufacturing company The following information is available for The Lucille Corporation for statement for a oBJ. 2, 3 2014: Inventories Materials Work in process Finished goods January1 $292,500 526,500 507,000 December 31 $364,000 494,000 480,000 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-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory s 247,000 35,100 46,800 559,000 18,720 65,620 549,900 191,750 15,210 31,590 25,740 2,574,000 315,900 12,870 7,956 Instructions 1. Prepare the 2014 statement of cost of goods manufactured 2. Prepare the 2014 income statement