Question
The financial information for Huntersvile Inc. for the fiscal year ended December 31, 2019 is as follows: Depreciation expenseadministrative office$35,850Depreciation expenseplant and equipment91,500Direct laborwages530,400Materials Inventory,
The financial information for Huntersvile Inc. for the fiscal year ended December 31, 2019 is as follows:
Depreciation expenseadministrative office$35,850Depreciation expenseplant and equipment91,500Direct laborwages530,400Materials Inventory, Dec. 3134,250Materials Inventory, Jan. 124,500Direct materials purchases182,500Finished goods inventory, Dec. 3124,400Finished goods inventory, Jan. 116,100Heat, light, and powerplant47,300Indirect labor27,200Property taxesplant36,750Sales representatives' salaries150,500Sales revenue1,616,000Factory supervisor's salary67,650Suppliesadministrative office18,200Suppliesplant30,100Work-in-process inventory, Dec. 3111,200Work-in-process inventory, Jan. 125,750
Required:
For Huntersville Inc.'syear ended December 31, 2019, statement of cost of goods manufactured and an income statement.
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