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These are the pictures in order of the assignment. Any help is appreciated. Thank you!! The following information is available for Robstown Corporation for 20Y8:
These are the pictures in order of the assignment. Any help is appreciated. Thank you!! The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 $345,000 634,600 607,800 December 31 $436,800 591,600 575,500 December 31 $ 294,800 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor 42,000 55,940 669,000 22,100 78,500 658,000 Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense 185,900 Property taxes-factory 19,000 structions Office salaries expense 185,900 19,000 Property taxes-factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory 31,800 32,300 3,010,000 416,000 15,300 9,300 Required: a Prepare the 2018 statement of cost of goods manufactured. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which yolumust enter subtracted or negative numbers use a minus sign. b. Prepare the 20Y8 income statement. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive, Instructions Statement of Cost of Goods Manufactured Robstown Corporation Statement of Cost of Goods Manufactured For the Month Ended December 31, 20Y8 5634,600.00 3 $345,000.00 4 5 6 1 Work in process inventory, January 1, 2048 2 Direct materials: Materials inventory, January 1, 2078 Purchases Cost of materials available for use Materials inventory, December 31, 2048 Cost of direct materials used in production * Direct labor 9 Factory overhead: 10 Indirect labor 11 Depreciation expense-factory equipment 12 Heat, light, and power factory 7 Instructions Statement of Cost of Goods Manufactured 9 Factory overhead: 10 Indirect labor 14 11 Depreciation expense-factory equipment 12 Heat, light, and power factory 13 Property taxes-factory Rent expense-factory 15 Supplies-factory 16 Miscellaneous costs-factory Total factory overhead 18 Total manufacturing costs incurred in 20Y8 19 Total manufacturing costs 20 Work in process inventory, December 31, 20Y8 21 Cost of goods manufactured 17 Income Statement b. Prepare the 2018 income statement Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negatve amount For example: Netloss should be negative. Expenses should be positive Robstown Corporation Income Statement > Cost of goock sold 3 4 Statement of Cost of Goods Manufactured Income Statement 6 7 8 9 Operating expenses: 10 Administrative expenses: 11 12 13 14 Selling expenses 15 16 17 18
These are the pictures in order of the assignment. Any help is appreciated. Thank you!!
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