Question: Correct red boxes and please double check answers before submitting. Thanks in advance! Statement of cost of goods manufactured and income statement for a manufacturing
Statement of cost of goods manufactured and income statement for a manufacturing company Amount Descriptions Statement of Cost of Goods Manufactured Income Statement January 1 December 31 Inventories Materias Work in process Finished goods $44.250$31,700 63,900 101,200 80,000 99,800 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, Ight, 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 December 31 $ 400,000 30,000 80,000 1,100.000 53,300 115,000 556,600 318,000 40.000 25,000 27,000 3,850.000 200,000 9,500 Statement of cost of goods manufactured and income statement for a manufacturing company Amount Descriptions Statement of Cost of Goods Manufactured Income Statement January 1 December 31 Inventories Materias Work in process Finished goods $44.250$31,700 63,900 101,200 80,000 99,800 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, Ight, 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 December 31 $ 400,000 30,000 80,000 1,100.000 53,300 115,000 556,600 318,000 40.000 25,000 27,000 3,850.000 200,000 9,500
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