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

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

Inventories January $1$ December $31$

Materials $$259,220$ $$316,250$

Work in process $466,600430,100$

Finished goods $448,450439,590$

Advertising expense $$214,730$

Depreciation expense$-$office equipment $30,360$

Depreciation expense$-$factory equipment $40,800$

Direct labor $487,030$

Heat, light, and power$-$factory $16,130$

Indirect labor $56,930$

Materials purchased $477,540$

Office salaries expense $166,660$

Property taxes$-$factory $13,280$

Property taxes$-$headquarters building $27,510$

Rent expense$-$factory $22,450$

Sales $2,235,890$

Sales salaries expense $274,510$

Supplies$-$factory $11,070$

Miscellaneous costs$-$factory $6,960$Sharlka Company

Statement of Cast of Goods Manufactured

For the Year Cnded December $21,20$Y$6$

Frepare the inceme thatamert.

Shanika Company

Lncome Statement

For the Year Cnded December $31,20$YS

Total sparati$=9$ maerensReculret:

Prapare the chaterert of cont of goodr marafucturnd.

Sharlka Company

Statement of Cast ef Goods Manufactured

For the Yare Ended Docnmber $21,20$Y$6$

Frepare the incsan chatemert.

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