- Using the information prepare a manufacturing statement.

- Using the information prepare a partial income statement

Snoopy Company uses a job order costing system. The following inventory balances are available on January 1, 2021: Raw Materials $19,400 Work in Process $37,000 Finished Goods $152.000 The Work in Process Inventory consisted of 3 jobs: #501 $13,600: #502 $10,600; and #503 $12,800 The Finished Goods Inventory consisted of 2 jobs: #499 $84,700 and #500 $67,300 Snoopy uses a normal costing system with an overhead rate based on machine hours. The following budgeted information was available for the year 2021: Factory overhead costs $446,500 and machine hours 47,000. During 2021, the following transactions took place: 1. Raw materials costing $74,000 were purchased on account. 2. Total factory labor charges accrued were $146,000. 2. A summary of material requisitions and time tickets appeared as follows: Job No. Material Requisitions Direct Labor Cost $6,100 $8,800 7.900 7,800 8.200 6.600 Machine Hours 501 6,400 502 4,200 503 504 10.800 18.600 5,600 14,300 1.900 505 506 507 5.200 4,300 13.900 9.100 12.700 1.800 10.100 2.600 12.400 3.800 508 900 47.800 sub-total Indirect Total $55,200 13,700 $68,900 $81,000 65,000 $146,000 4. Other factory overhead costs include $110,000 depreciation on factory equipment, $26,200 of expired factory insurance, $18,400 of accrued property taxes, and $216,400 of miscellaneous factory costs paid in cash. 5. Job Nos. 501, 502, 503, 504, and 507 were completed. 6. Job Nos. 499, 500, 503, 504, and 507 were sold for $800,000 cash. Raw Material Investor Factory Payroll Work Is Process Testery Fished Good lurestory Cost of Goods Sold Espeuse Factory Overhead COGNI Cout Job Consputations Zadap WTP Job Cour COGS Job .. Cost Zodiario Job Ne Car SONO ber DM DL OH Total Sobo ber DM PL LOH Total Por ber DM DL OH Total SONO Ber DU DL OH Torn! JOS NO Beg DM DL JOB NO . Beg JOBNO Beg DA? JOBYO Bep DM DL OH Total DAT DL OH OH DL LOH Tors Total Total No Bor DM JOS NO Beg DM DL OH Total DL OH Total GENERAL JOURNAL GENERAL JOURNAL