Hello.

Can you help with the following reports based on cost of goods manufactured and income statement for a manufacturing firm? Please see instructions below. Thank you.

Instructions:

A) Develop the 20Y9 statement of cost of goods manufactured.

B) Develop the 20Y9 income statement.

Report of Cost of Goods Manufactured and Income Statement for a manufacturing firm. The following data is available for Retch Company for 20Y9: Dec-31 34,870 88,000 109,780 Inventories Materials Work in process Finished goods Advertising expense Depreciation expense office equipment Depreciation expense factory equipment Direct labor Heat, light, power - plant Indirect labor Materials purchased Office salaries expense Property taxes - plant Property taxes - office building Rent expense - factory Sales Salaries expense Supplies - plant Miscellaneous costs - plant Jan-1 48,675 70,290 111,320 440,000 33,000 88,000 1,210,000 58,630 126,500 612,260 349,800 44,000 27,500 29,700 4,235,000 220,000 10,450 12,540