26 Chapter 2 PROBLEM 2 The following information pertains to the York Company for the year ending December 31, 2000: Sales . $840,000 956000 Purchases of raw materials......... 220,000 Indirect labour ... 14,000 Indirect materials .. 9,000 Amortization of factory equipment...... 50,000 60000 Amortization of factory buildings ....... 29,008 40600 Amortization of administrative building..... 15,000 Marketing costs ..... 130,000 121206 Direct labour .........." 110,000 Raw materials inventory, 12/31/00. 22,000 25 500 Work in process, 1/1/00 ..... 54,000 Sales returns and allowances .. 17,000 Raw materials inventory, 1/1/00 39,008 50600 Work in process 12/31/00 ...... 45,000 Sales discounts...... 12,000 Finished goods inventory, 1/1/00 124,000 Finished goods inventory, 12/31/00 .. 145,000 95000 Instructions: Prepare a statement of cost of goods manufactured and an absorption-costing income statement in good form for the York Company for the year ending December 31, 2000. 2. calculate cogs 3. Make an income statement