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

InventoriesJanuary 1December 31Materials$44,250$31,700Work in process63,90080,000Finished goods101,20099,800December 31Advertising expense$ 400,000Depreciation expense-office equipment30,000Depreciation expense-factory equipment80,000Direct labor1,100,000Heat, light, and power-factory53,300Indirect labor115,000Materials purchased556,600Office salaries expense318,000Property taxes-factory40,000Property taxes-office building25,000Rent expense-factory27,000Sales3,850,000Sales salaries expense200,000Supplies-factory9,500Miscellaneous costs-factory11,400Required:a. Prepare the 20Y8 statement of cost of goods manufactured.b. Prepare the 20Y8 income statement.

LabelsFor the Year Ended December 31, 20Y8For the Month Ended December 31, 20Y8Amount DescriptionsAdvertising expenseCost of direct materials used in productionCost of finished goods available for saleCost of goods manufacturedCost of goods soldCost of materials available for useDepreciation expense-factory equipmentDepreciation expense-office equipmentDirect laborFinished goods inventory, December 31, 20Y8Finished goods inventory, January 1, 20Y8Gross profitHeat, light, and power-factoryIndirect laborMaterials inventory, December 31, 20Y8Materials inventory, January 1, 20Y8Miscellaneous costs-factoryNet incomeOffice salaries expensePurchasesProperty taxes-factoryProperty taxes-office buildingRent expense-factorySupplies-factorySalesSales salaries expenseTotal manufacturing costs incurred in 20Y8Total factory overheadTotal manufacturing costsTotal operating expensesWork in process inventory, December 31, 20Y8Work in process inventory, January 1, 20Y8