The following information is available for Robstown Corporation for 20Y8:

Inventories	January 1	December 31
Materials	$77,600	$93,600
Work in process	109,000	96,700
Finished goods	112,000	109,900

	December 31
Advertising expense	$ 69,000
Depreciation expense-office equipment	23,000
Depreciation expense-factory equipment	14,000
Direct labor	186,700
Heat, light, and power-factory	5,900
Indirect labor	24,860
Materials purchased	123,200
Office salaries expense	75,800
Property taxes-factory	4,005
Property taxes-office building	12,600
Rent expense-factory	6,375
Sales	862,000
Sales salaries expense	135,000
Supplies-factory	3,500
Miscellaneous costs-factory	4,620

Required:

a. Prepare the 20Y8 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign.*

b. Prepare the 20Y8 income statement. Enter all amounts as positive numbers.*

*Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

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, 20Y8
Finished goods inventory, January 1, 20Y8
Gross profit
Heat, light, and power-factory
Indirect labor
Materials inventory, December 31, 20Y8
Materials inventory, January 1, 20Y8
Miscellaneous costs-factory
Net income
Office salaries expense
Property taxes-factory
Property taxes-office building
Purchases
Rent expense-factory
Sales
Sales salaries expense
Supplies-factory
Total manufacturing costs incurred in 20Y8
Total operating expenses
Work in process inventory, December 31, 20Y8
Work in process inventory, January 1, 20Y8

a. Prepare the 20Y8 statement of cost of goods manufactured. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Robstown Corporation

Statement of Cost of Goods Manufactured

For the Year Ended December 31, 20Y8

1
2	Direct materials:
3
4
5
6
7
8
9	Factory overhead:
10
11
12
13
14
15
16
17	Total factory overhead
18
19	Total manufacturing costs
20
21

Income Statement

b. Prepare the 20Y8 income statement. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers.

Robstown Corporation

Income Statement

For the Year Ended December 31, 20Y8

1
2	Cost of goods sold:
3
4
5
6
7
8
9	Operating expenses:
10	Administrative expenses:
11
12
13
14	Selling expenses:
15
16
17
18