Problem 3-56 Cost of Goods Manufactured; Income Statement [LO 3-4] Consider the following information for Huntersville Inc. for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor-wages Materials Inventory, Dec. 31 Materials Inventory, Jan. 1 Direct materials purchases Finished goods inventory, Dec. 31 Finished goods inventory, Jan. 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, Dec. 31 Work-in-process inventory, Jan. 1 38,650 95,500 561,600 40,250 28,500 202,500 24,400 16,900 49,700 28,800 38,750 154,500 1,716,000 68,850 19,800 30,900 12,800 27,750 Complete this question by entering your answers in the tabs below. Stmt of COGM Income Statement Prepare a statement of cost of goods manufactured for Huntersville for the year ended December 31. Huntersville, Inc Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured