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

The following information is available for Shanika Company for $20$Y$6$:

Advertising expense

Depreciation expense$-$office equipment

Depreciation expense$-$factory equipment

Direct labor

Heat, light, and power$-$factory

Indirect l$$bor

Materials purchased

Office salaries expense

Property taxes$-$factory

Property taxes$-$headquarters building

Rent expense$-$factory

Sales

$$334,690$

$47,320$

$63,590$

$759,100$

$25,140$

$88,730$

$744,310$

$259,770$

$20,700$

$42,880$

$35,000$

$3,484,940$

$477850$

Sales

$3,484,940$

Sales salaries expense

$427,850$

'Supplies$-$factory

$17,250$

Miscellaneous costs$-$factory

$10,840$

Required:

Shanika Company

Statement of Cost of Goods Manufactured

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

Amount

$391,210$

$744,310$

Purchases

Cost of materials available for use

Cost of goods manufactured

Cost of goods manufactured

Direct labor

Factory overhead:

Total factory overhead

Direct materials: