PR 15-5A Statement of cost of goods manufactured and income Obj. 3 statement for a manufacturing company 1. Cost of goods The following information is available for Robstown Corporation for 20Y8: manufactured, Inventories January 1 December 31 $1,989,250 Materials $ 44,250 $ 31,700 Work in process 63,900 80,000 Finished goods 101,200 99,800 SHOW ME NOW EXCEL TEMPLATE Advertising expense 5 400,000 Depreciation expense-office equipment 30,000 Depreciation expense-factory equipment 80,000 Direct labor 1,100,000 Heat, light, and power-factory 53,300 Indirect labor 115,000 Materials purchased 556,600 Office salaries expense 318,000 Property taxes-factory 40.000 Property taxes-office building 25,000 Rent expense-factory 27,000 Sales 3,850,000 Sales salaries expense 200,000 Supplies-factory 9.500 Miscellaneous costs-factory 11,400 Instructions 1. Prepare the 20Y8 statement of cost of goods manufactured. 2. Prepare the 2018 income statement