Required:

Prepare the $20$ Y $6$ statement of cost of goods manufactured.

Shanika Company

Statement of Cost of Goods Manufactured

For the Year Ended December $31,20$ Y $6$

Costs Type

Amount

Amount

Amount

Work in process inventory, January $1,20$ Y$6$

$

$414,630$

Direct materials:

Materials inventory, January $1,20Y6$

Purchases

Cost of materials available for use

Materials inventory, December $31,20$ Y $6$

Cost of direct materials used in production

Direct labor $$

Factory overhead: