The following information is available for Shanika Company for 20Y6:

Inventories	January 1		December 31
Materials	$394,800		$489,550
Work in process	710,640		665,790
Finished goods	683,000		680,470

Advertising expense	$332,400
Depreciation expense-office equipment	47,000
Depreciation expense-factory equipment	63,150
Direct labor	753,910
Heat, light, and power-factory	24,970
Indirect labor	88,120
Materials purchased	739,220
Office salaries expense	257,990
Property taxes-factory	20,560
Property taxes-headquarters building	42,590
Rent expense-factory	34,760
Sales	3,461,120
Sales salaries expense	424,930
Supplies-factory	17,130
Miscellaneous costs-factory	10,770

Required:

1. Prepare the 20Y6 statement of cost of goods manufactured.

Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y6

Depreciation expense-factory equipmentIndirect laborSuppliesWork in process inventory, January 1, 20Y6			$- Select -
Direct materials:
Materials inventory, January 1, 20Y6Rent expense-factorySupplies-factoryWork in process inventory, December 31, 20Y6	$- Select -
Indirect laborProperty taxes-headquarters buildingPurchasesWork in process inventory, December 31, 20Y6	- Select -
Cost of materials available for useSupplies-factoryWork in process inventory, January 1, 20Y6Work in process inventory, December 31, 20Y6	$- Select -
Indirect laborMaterials inventory, December 31, 20Y6Miscellaneous cost-factoryWork in process inventory, December 31, 20Y6	- Select -
Cost of direct materials used in productionCost of finished goods available for saleCost of goods manufacturedCost of goods sold		$- Select -
Depreciation expense-factory equipmentDirect laborIndirect laborSupplies-factory		- Select -
Factory overhead:
Indirect laborMaterials inventory, January 1, 20Y6PurchasesSales	$- Select -
Depreciation expense-factory equipmentDepreciation expense-office equipmentDirect laborPurchases	- Select -
Direct laborHeat, light, and power-factoryMaterials inventory, January 1, 20Y6Work in process inventory, December 31, 20Y6	- Select -
Cost of materials available for useDirect laborProperty taxes-factoryProperty taxes-headquarters building	- Select -
PurchasesRent expense-factoryRent expense-headquarters buildingSales salaries expense	- Select -
Cost of goods soldDirect laborPurchasesSupplies-factory	- Select -
Advertising expenseCost of materials available for useDirect materialsMiscellaneous costs-factory	- Select -
Total factory overhead		fill in the blank a273d600705500b_29
Total manufacturing costs incurred in 20Y6			fill in the blank a273d600705500b_30
Total manufacturing costs			$fill in the blank a273d600705500b_31
Cost of materials available for useDirect materialsMaterials inventory, December 31, 20Y6Work in process inventory, December 31, 20Y6			- Select -
Cost of goods manufactured			$fill in the blank a273d600705500b_34

2. Prepare the 20Y6 income statement.

Shanika Company Income Statement For the Year Ended December 31, 20Y6

Cost of goods soldGross profitIndirect laborSales			$- Select -
Cost of good sold:
Advertising expenseFinished goods inventory, January 1, 20Y6Finished goods inventory, December 31, 20Y6Sales		$- Select -
Cost of direct materials used in productionCost of finished goods available for saleCost of goods manufacturedCost of goods sold		- Select -
Cost of direct materials used in productionCost of finished goods available for saleCost of goods soldCost of materials available for use		$- Select -
Depreciation expense-office equipmentFinished goods inventory, December 31, 20Y6Net lossPlus finished goods inventory, December 1, 20Y6		- Select -
Cost of direct materials used in productionCost of finished goods available for saleCost of goods soldCost of materials available for use			- Select -
Cost of goods soldGross profitProperty taxes-headquarters buildingSales			$- Select -
Operating expenses:
Administrative expenses:
Cost of goods soldOffice salaries expenseSalesSales salaries expense	$- Select -
Advertising expenseDepreciation expense-factory equipmentDepreciation expense-office equipmentGross profit	- Select -
Cost of goods soldProperty taxes-factoryProperty taxes-headquarters buildingSales	- Select -	$- Select -
Selling expenses:
Advertising expenseCost of goods soldOffice salaries expenseSales	$- Select -
Direct laborOffice salaries expenseSalesSales salaries expense	- Select -	- Select -
Total operating expenses			fill in the blank 784fbe02701a04c_27
Net incomeNet loss			$- Select -