WE AAN A-Z PR 15-5B Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company Obj. 3 The following information is available for Shanika Company for 2096: Inventories January 1 December 31 Enlarge Table Materials Work in process Finished goods $77,350 109,200 $ 95,550 96,200 113,750 100,100 $ 68,250 22,750 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory 14,560 186,550 5,850 Instructions Inventories December 31 Materials Work in process Finished goods January 1 $77,350 109,200 113,750 $ 95,550 96,200 100,100 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies--factory Miscellaneous costs-factory $ 68,250 22,750 14,560 186,550 5,850 23,660 123,500 77,350 4,095 $ 13,650 6,825 864,500 136,500 3,250 4,420