Question 1) The following information is available for Robstown Corporation for 20Y8:

Inventories	January 1	December 31
Materials	$352,000	$437,000
Work in process	625,800	592,800
Finished goods	605,200	576,000

	December 31
Advertising expense	$ 294,200
Depreciation expense-office equipment	44,760
Depreciation expense-factory equipment	56,200
Direct labor	669,600
Heat, light, and power-factory	22,060
Indirect labor	76,750
Materials purchased	658,200
Office salaries expense	184,200
Property taxes-factory	17,000
Property taxes-office building	31,600
Rent expense-factory	32,100
Sales	3,015,000
Sales salaries expense	418,000
Supplies-factory	15,200
Miscellaneous costs-factory	9,500

	Required:
	a. Prepare the 20Y8 statement of cost of goods manufactured.
	b. Prepare the 20Y8 income statement.

Robstown Corporation

Statement of Cost of Goods Manufactured

1
2	Direct materials:
3
4
5
6
7
8
9	Factory overhead:
10
11
12
13
14
15
16
17
18
19
20
21

Robstown Corporation

Income Statement

1
2	Cost of goods sold:
3
4
5
6
7
8
9	Operating expenses:
10	Administrative expenses:
11
12
13
14	Selling expenses:
15
16
17
18

Question 2) Income Statement for a Manufacturing Company

Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.

Line Item Description	Amount	Amount	Amount
Finished goods inventory, June 1	$68,100	$23,800	(e)
Cost of goods manufactured	313,300	(c)	83,300
Cost of finished goods available for sale	(a)	$226,100	$130,900
Finished goods inventory, June 30	74,000	47,500	(f)
Cost of goods sold	(b)	(d)	$120,400

Item	Amount
a.	??
b.	??
c.	??
d.	??
e.	??
f.	??