1. tatement 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	$206,110		$253,520
   Work in process	371,000		344,790
   Finished goods	356,570		352,390

   Advertising expense	$172,140
   Depreciation expense-office equipment	24,340
   Depreciation expense-factory equipment	32,700
   Direct labor	390,420
   Heat, light, and power-factory	12,930
   Indirect labor	45,630
   Materials purchased	382,820
   Office salaries expense	133,610
   Property taxes-factory	10,650
   Property taxes-headquarters building	22,060
   Rent expense-factory	18,000
   Sales	1,792,390
   Sales salaries expense	220,060
   Supplies-factory	8,870
   Miscellaneous costs-factory	5,580

   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 cda9db07d01a066_2
   Direct materials:
   	$fill in the blank cda9db07d01a066_4
   	fill in the blank cda9db07d01a066_6
   	$fill in the blank cda9db07d01a066_8
   	fill in the blank cda9db07d01a066_10
   		$fill in the blank cda9db07d01a066_12
   		fill in the blank cda9db07d01a066_14
   Factory overhead:
   	$fill in the blank cda9db07d01a066_16
   	fill in the blank cda9db07d01a066_18
   	fill in the blank cda9db07d01a066_20
   	fill in the blank cda9db07d01a066_22
   	fill in the blank cda9db07d01a066_24
   	fill in the blank cda9db07d01a066_26
   	fill in the blank cda9db07d01a066_28
   Total factory overhead		fill in the blank cda9db07d01a066_29
   Total manufacturing costs incurred in 20Y6			fill in the blank cda9db07d01a066_30
   Total manufacturing costs			$fill in the blank cda9db07d01a066_31
   			fill in the blank cda9db07d01a066_33
   Cost of goods manufactured			$fill in the blank cda9db07d01a066_34

   2. Prepare the 20Y6 income statement.

   Shanika Company
   Income Statement
   For the Year Ended December 31, 20Y6
   			$fill in the blank d4c0a2fd5055f95_2
   Cost of good sold:
   		$fill in the blank d4c0a2fd5055f95_4
   		fill in the blank d4c0a2fd5055f95_6
   		$fill in the blank d4c0a2fd5055f95_8
   		fill in the blank d4c0a2fd5055f95_10
   			fill in the blank d4c0a2fd5055f95_12
   			$fill in the blank d4c0a2fd5055f95_14
   Operating expenses:
   Administrative expenses:
   	$fill in the blank d4c0a2fd5055f95_16
   	fill in the blank d4c0a2fd5055f95_18
   	fill in the blank d4c0a2fd5055f95_20	$fill in the blank d4c0a2fd5055f95_21
   Selling expenses:
   	$fill in the blank d4c0a2fd5055f95_23
   	fill in the blank d4c0a2fd5055f95_25	fill in the blank d4c0a2fd5055f95_26
   Total operating expenses			fill in the blank d4c0a2fd5055f95_27
   			$fill in the blank d4c0a2fd5055f95_29