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

Inventories	January 1	December 31
Materials	$78,750	$94,450
Work in process	108,600	96,800
Finished goods	113,750	109,100

	December 31
Advertising expense	$ 69,000
Depreciation expense-office equipment	22,750
Depreciation expense-factory equipment	14,860
Direct labor	184,350
Heat, light, and power-factory	5,950
Indirect labor	24,600
Materials purchased	122,200
Office salaries expense	77,750
Property taxes-factory	4,170
Property taxes-office building	13,200
Rent expense-factory	6,675
Sales	862,000
Sales salaries expense	138,500
Supplies-factory	5,000
Miscellaneous costs-factory	5,280

Required:

A.

Prepare the 20Y8 statement of cost of goods manufactured.*

B.

Prepare the 20Y8 income statement.*

* Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

Labels

For the Year Ended December 31, 20Y8

For the Month Ended December 31

At Year Ended December 31, 20Y8

Amount Descriptions

Advertising expense

Cost of direct materials used

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

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 Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

Robstown Corporation

Statement of Cost of Goods Manufactured

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

B. Prepare the 20Y8 income statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

Robstown Corporation

Income Statement

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