The following information is available for Deutsch Corporation for 2010:

Instructions
1. Prepare the 2010 statement of cost of goods manufactured.
2. Prepare the 2010 incomestatement.

Transcribed Image Text:

December 31 Inventories January 1 Materials $225,000 405,000 390,000 $290,000 390,000 Work in process Finished goods 390,000 $ 190,000 Advertising expense Depreciation expense office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor 27,000 36,000 430,000 14,400 50,400 423,000 147,500 11,700 24,300 19,800 1,990,000 243,000 9,900 6,120 Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous cost-factory