Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company

The following information is available for Shanika Company for 20Y6:

Inventories	January 1		December 31
Materials	$436,330		$536,690
Work in process	785,390		729,900
Finished goods	754,850		746,000

Advertising expense	$364,410
Depreciation expense-office equipment	51,520
Depreciation expense-factory equipment	69,230
Direct labor	826,500
Heat, light, and power-factory	27,370
Indirect labor	96,600
Materials purchased	810,400
Office salaries expense	282,840
Property taxes-factory	22,540
Property taxes-headquarters building	46,690
Rent expense-factory	38,100
Sales	3,794,400
Sales salaries expense	465,850
Supplies-factory	18,780
Miscellaneous costs-factory	11,810

Required:

1. Prepare the 20Y6 statement of cost of goods manufactured.

1. Prepare the 20Y6 statement of cost of goods manufactured Shanika Company Statement of Cost of Goods Manufactured Direct materials: Factory overhead Total factory overhead Total manufacturing costs incurred in 20Y6 Total manufacturing costs Cost of goods manufactured