The following information is available for Sano Instrument Manufacturing Company for 2008:

Instructions
1. Prepare the 2008 statement of cost of goods manufactured.
2. Prepare the 2008 incomestatement.

Transcribed Image Text:

Inventories January 1 December 31 85,000 120,000 125,000 $105,000 105,000 110,000 Materials Work in process Finished goods Advertising expense Depreciation Depreciation expense-Factory equipment Direct labor Heat, light, and power-Factory Indirect labor Materials purchased during August Office salaries expense Property taxes-Factory Property taxes-Headquarters building Rent expense-Factory Sales Sales salaries expense Supplies-Factory Miscellaneous cost-Factory 75,000 25,000 16,000 205,000 6,500 26,000 135,000 85,000 4,500 15,000 7,500 950,000 150,000 3,500 4,500 expense-Office equipment 2 1