J & G Electronics

Inventory	Jan 1, 2018	Dec 31, 2018
Raw Materials	$260,000	$230,000
WOrk In Progress	$332,300	$218,000
Finished Goods	$1,075,200	$615,000

Other information

Sales Revenue	$5,765,000
Factory Supplies	$45,000
Direct Factory Labour	$735,000
Special Design Cost	$15,000
Raw materials Purchased	$540,000
Plant Jantorial Service	$52,000
Depreciation: Plant & Equipment	$165,000
Total Utilities	$550,000
Plant Supervisory Salary	$480,000
Property Taxes	$300,000
R&D for Graphic Designs	$70,500
Total Insurance	$160,000
Delivery Truck Driver's Salary	$125,000
Depreciation Delivery Truck	$52,000
Administrative Wages and Salary	$850,150
ADVERTISING Expense	1% of revenue

Of the total utilities, 70% relates to manufacturing and 30% relates to general and administrative cost

The property taxes should be shared 60% manufacturing and 40% general and administrative costs

Of the total insurance 75% relates to plant and equipment and 25% relates to administrative cost.

1. Prepare an income statement for the year clearing showing the calculation of cost of goods sold and list te non-production overheads in order of size starting with the largest.