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

Instructions

1. Prepare the statement of cost of goods manufactured.

2. Prepare the income statement.

Transcribed Image Text:

January 1 $ 50,100 December 31 $ 35,900 Inventories Materials 72,400 90,600 Work in process Finished goods 113,000 114,600 $ 453,000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory cquipment 34,000 90,500 1,245,700 Direct labor 60,400 130,200 Heat, light, and power-factory Indirect labor 630,300 Materials purchased Office salaries expense 360,100 45,300 Property taxes-factory Property taxes-office building Rent expense-factory 28,300 30,600 4,360,000 Sales 226,500 Sales salaries expense 10,800 Supplies-factory Miscellaneous costs-factory 12,900