PR 18-5A. Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company J. 2, 4 The following information is available for Lagakos Corporation for 20Y8: Inventories January 1 December 31 Materials $ 50,100 $ 35,900 Work in process 72,400 90,600 Finished goods 114,600 113,000 Advertising expense $ 453,000 Depreciation expense-office equipment 34,000 Depreciation expense--factory equipment 90,500 Direct labor 1,245,700 NET PAGE Heat, light, and power-factory 60,400 Indirect labor 130.200 Materials purchased 630,300 Office salaries expense 360,100 Property taxes --factory 45,300 Property taxes-office building 28,300 Rent expense--factory 30,600 Sales 4,360,000 226,500 Sales salaries expense 10.800 Supplies --factory 12,900 Miscellaneous costs-factory INSTRUCTIONS 1. Prepare the statement of cost of goods manufactured. NEXT PAGE