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PR 1-5A Statement of cost of goods manufactured and income statement for a manufacturing company. The following information is available for Robstown Corporation for 20Y8:
PR 1-5A Statement of cost of goods manufactured and income statement for a manufacturing company.
The following information is available for Robstown Corporation for 20Y8:
Inventories | January 1 | December 31 |
Materials | $44,250 | $31,700 |
Work In Process | $69,900 | $80,000 |
Finished Goods | $101,200 | $99,800 |
Advertising Expense | $400,000 | |
Depreciation Expense - Office Equipment | $30,000 | |
Depreciation Expense - Factory Equipment | $80,000 | |
Direct Labor | $1,100,000 | |
Heat, Light & 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 20Y8 income statement.
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