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	$440,220		$537,070
Work in process	792,400		730,420
Finished goods	761,580		746,530

Advertising expense	$364,670
Depreciation expense-office equipment	51,560
Depreciation expense-factory equipment	69,280
Direct labor	827,090
Heat, light, and power-factory	27,390
Indirect labor	96,670
Materials purchased	810,980
Office salaries expense	283,040
Property taxes-factory	22,560
Property taxes-headquarters building	46,730
Rent expense-factory	38,130
Sales	3,797,080
Sales salaries expense	466,180
Supplies-factory	18,800
Miscellaneous costs-factory	11,820

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, 20Y6
			$fill in the blank 38749201301afcc_2
Direct materials:
	$fill in the blank 38749201301afcc_4
	fill in the blank 38749201301afcc_6
	$fill in the blank 38749201301afcc_8
	fill in the blank 38749201301afcc_10
		$fill in the blank 38749201301afcc_12
		fill in the blank 38749201301afcc_14
Factory overhead:
	$fill in the blank 38749201301afcc_16
	fill in the blank 38749201301afcc_18
	fill in the blank 38749201301afcc_20
	fill in the blank 38749201301afcc_22
	fill in the blank 38749201301afcc_24
	fill in the blank 38749201301afcc_26
	fill in the blank 38749201301afcc_28
Total factory overhead		fill in the blank 38749201301afcc_29
Total manufacturing costs incurred in 20Y6			fill in the blank 38749201301afcc_30
Total manufacturing costs			$fill in the blank 38749201301afcc_31
			fill in the blank 38749201301afcc_33
Cost of goods manufactured			$fill in the blank 38749201301afcc_34

2. Prepare the 20Y6 income statement.

Shanika Company
Income Statement
For the Year Ended December 31, 20Y6
			$fill in the blank 353c6b03205dfe4_2
Cost of good sold:
		$fill in the blank 353c6b03205dfe4_4
		fill in the blank 353c6b03205dfe4_6
		$fill in the blank 353c6b03205dfe4_8
		fill in the blank 353c6b03205dfe4_10
			fill in the blank 353c6b03205dfe4_12
			$fill in the blank 353c6b03205dfe4_14
Operating expenses:
Administrative expenses:
	$fill in the blank 353c6b03205dfe4_16
	fill in the blank 353c6b03205dfe4_18
	fill in the blank 353c6b03205dfe4_20	$fill in the blank 353c6b03205dfe4_21
Selling expenses:
	$fill in the blank 353c6b03205dfe4_23
	fill in the blank 353c6b03205dfe4_25	fill in the blank 353c6b03205dfe4_26
Total operating expenses			fill in the blank 353c6b03205dfe4_27
			$fill in the blank 353c6b03205dfe4_29