The following information is available for Earp Corporation for 2008:

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

Transcribed Image Text:

Inventories December 31 $125,000 225,000 215,000 Materials Work in process Finished goods Advertising expense Depreciation expense -Office equipment 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 -Office building Rent expense Factory Sales Sales salaries expense Supplies-Factory Miscellaneous cost-Factory 105,000 15,000 20,000 240,000 8,000 28,000 235,000 82,000 6,500 13,500 11,000 1,100,000 135,000 5,500 3,400