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

Inventories	January 1	December 31
Materials	$345,000	$436,800
Work in process	634,600	591,600
Finished goods	607,800	575,500

	December 31
Advertising expense	$ 294,800
Depreciation expense-office equipment	42,000
Depreciation expense-factory equipment	55,940
Direct labor	669,000
Heat, light, and power-factory	22,100
Indirect labor	78,500
Materials purchased	658,000
Office salaries expense	185,900
Property taxes-factory	19,000
Property taxes-office building	31,800
Rent expense-factory	32,300
Sales	3,010,000
Sales salaries expense	416,000
Supplies-factory	15,300
Miscellaneous costs-factory	9,300

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