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	$301,910	$374,370
Work in process	543,440	509,140
Finished goods	522,300	520,370
Advertising expense		$254,200
Depreciation expense-office equipment		35,940
Depreciation expense-factory equipment		48,290
Direct labor		576,530
Heat, light, and power-factory		19,090
Indirect labor		67,390
Materials purchased		565,300
Office salaries expense		197,290
Property taxes-factory		15,720
Property taxes-headquarters building		32,570
Rent expense-factory		26,580
Sales		2,646,800
Sales salaries expense		324,950
Supplies-factory		13,100
Miscellaneous costs-factory		8,240

Required:

1. Prepare the 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 ee9821f9ffcdf90_2
Direct materials:
	$fill in the blank ee9821f9ffcdf90_4
	fill in the blank ee9821f9ffcdf90_6
	$fill in the blank ee9821f9ffcdf90_8
	fill in the blank ee9821f9ffcdf90_10
		$fill in the blank ee9821f9ffcdf90_12
		fill in the blank ee9821f9ffcdf90_14
Factory overhead:
	$fill in the blank ee9821f9ffcdf90_16
	fill in the blank ee9821f9ffcdf90_18
	fill in the blank ee9821f9ffcdf90_20
	fill in the blank ee9821f9ffcdf90_22
	fill in the blank ee9821f9ffcdf90_24
	fill in the blank ee9821f9ffcdf90_26
	fill in the blank ee9821f9ffcdf90_28
Total factory overhead		fill in the blank ee9821f9ffcdf90_29
Total manufacturing costs incurred			fill in the blank ee9821f9ffcdf90_30
Total manufacturing costs			$fill in the blank ee9821f9ffcdf90_31
			fill in the blank ee9821f9ffcdf90_33
Cost of goods manufactured			$fill in the blank ee9821f9ffcdf90_34

2. Prepare the income statement.

Shanika Company
Income Statement
For the Year Ended December 31, 20Y6
			$fill in the blank fd7ea8017009f9d_2
Cost of goods sold:
		$fill in the blank fd7ea8017009f9d_4
		fill in the blank fd7ea8017009f9d_6
		$fill in the blank fd7ea8017009f9d_8
		fill in the blank fd7ea8017009f9d_10
			fill in the blank fd7ea8017009f9d_12
			$fill in the blank fd7ea8017009f9d_14
Operating expenses:
Administrative expenses:
	$fill in the blank fd7ea8017009f9d_16
	fill in the blank fd7ea8017009f9d_18
	fill in the blank fd7ea8017009f9d_20	$fill in the blank fd7ea8017009f9d_21
Selling expenses:
	$fill in the blank fd7ea8017009f9d_23
	fill in the blank fd7ea8017009f9d_25	fill in the blank fd7ea8017009f9d_26
Total operating expenses			fill in the blank fd7ea8017009f9d_27
			$fill in the blank fd7ea8017009f9d_29