The following information is available for the QRS Corporation for 2019:

Inventories January 1 December 31

Materials $351,000 $436,800

Work in process 631,800 592,800

Finished goods 608,400 576,000

Advertising expense $ 296,400

Depreciation expense-office equipment 42,120

Depreciation expense-factory equipment 56,160

Direct labor 670,800

Heat, Light and Power-Factory 22,460

Indirect Labor 78,750

Materials purchased 659,800

Office salaries expense 185,000

Property taxes-factory 18,500

Property taxes-office building 32,400

Rent Expense-factory 32,000

Sales 3,010,000

Sales salaries expense 420,000

Supplies-factory 15,400

Miscellaneous costs-factory 9,500

Instructions:

1. Prepare the 2019 statement of cost of goods manufactured.

2. Prepare the 2019 income statement