The following information is available for Robstown Corporation for $20$Y$8$:

December $31$

Required:

a$.$ Prepare the $20Y8$ statement of cost of goods manufactured.

b$.$ Prepare the $20$ Y $8$ income statement. Labels

For the Year Ended December $31,20$ Y$8$

For the Month Ended December $31,$

$20$ Y$8$

Amount Descriptions

Advertising expense

Cost of direct materials used in

production

Cost of finished goods available for sale

Cost of goods manufactured

Cost of goods sold

Cost of materials available for use

Depreciation expense$-$factory

equipment

Depreciation expense$-$office equipment

Direct labor

Finished goods inventory, December $31,$

$20$ Y$8$

Finished goods inventory, January $1,$

$20$ Y$8$

Gross profit

Heat, light, and power$-$factory

Indirect labor

Materials inventory, December $31,20$ Y $8$

Materials inventory, January $1,20$ Y $8$

Miscellaneous costs$-$factory

Net income

Office salaries expense

Purchases

Property taxes$-$factory

Property taxes$-$office building

Rent expense$-$factory

Supplies$-$factory

Sales

Sales salaries expense

Total manufacturing costs incurred in

$20$ Y$8$

Total factory overhead

Total manufacturing costs

Total operating expenses

Work in process inventory, December

$31,20$ Y $8$

Work in process inventory, January $1,$

$20$ Y $8$ a$.$ Prepare the $20$ Y $8$ statement of cost of goods manufactured.

Statement of Cost of Goods Manufactured Instructions b$.$ Prepare the $20Y8$ income statement.

Income Statement Instructions

Question not attempted.