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 $439,580 $549,480 Work in process 791,240 747,290 Finished goods 760,470 763,780 Line Item Description Amount Advertising expense $373,100 Depreciation expense-office equipment 52,750 Depreciation expense-factory equipment 70,880 Direct labor 846,200 Heat, light, and power-factory 28,020 Indirect labor 98,910 Materials purchased 829,710 Office salaries expense 289,580 Property taxes-factory 23,080 Property taxes-headquarters building 47,800 Rent expense-factory 39,010 Sales 3,884,820 Sales salaries expense 476,950 Supplies-factory 19,230 Miscellaneous costs

Statement of Cost of Goods Manufactured and Income Statement for a The following information is available for Shanika Company for 20Y6: Required: 1. Prepare the 20Y6 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 20 Y6 2 Drenare the 2nVE inmme etatement