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

Instructions
1. Prepare the 20Y8 statement of cost of goods manufactured.
2. Prepare the 20Y8 income statement.

Transcribed Image Text:

Inventories Materials Work in process Finished goods January 1 $ 44,250 63,900 101,200 December 31 $31,700 80,000 99,800 Advertising expense Depreciation expense-office equipment Deprecation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 318,000 40,000 5,000 27,000 3,850,000 200,000 9,500 11,400