Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $316,450 $386,070 Work in process 569,610 525,060 Finished goods 547,460 536,640 Advertising expense $262,140 Depreciation expense-office equipment 37,060 Depreciation expense-factory equipment 49,800 Direct labor 594,550 Heat, light, and power-factory 19,690 Indirect labor 69,490 Materials purchased 582,970 Office salaries expense 203,460 Property taxes-factory 16,210 Property taxes-headquarters building 33,590 Rent expense-factory 27,410 Sales 2,729,510 Sales salaries expense 335,110 Supplies-factory 13,510 Miscellaneous costs-factory 8,490 Required: 1. Prepare the statement of cost of goods manufactured. 2.  Prepare the income statement.

Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Garcon Pepper Company Company $ $ 13,200 18,550 Work in process inventory, beginning 17,700 22,500 Raw materials inventory, beginning 7,700 14,100 Rental cost on factory equipment 31,000 24,100 Direct labor 24,200 43,800 Finished goods inventory, 19,700 13,800 ending Work in process inventory, ending 24,400 21,000 Raw materials inventory, ending 6,700 7,600 Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 12,300 17,000 34,000 53,500 13,000 14,000 6,500 3,550 36,000 68,000 50,400 56,800 297,600 379,360 27,000 24,200 15,000 20,950 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the…

Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the following information for May: Cost of direct materials used in production $17,300 Direct labor 44,700 Factory overhead 28,800 Work in process inventory, May 1 72,100 Work in process inventory, May 31 76,400 Finished goods inventory, May 1 30,300 Finished goods inventory, May 31 34,600 Question Content Area a.  For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 CompanyStatement of Cost of Goods Manufacturedblank     $- Select -   $- Select -     - Select -     - Select -   Total manufacturing costs incurred during May   fill in the blank 22653a05d041061_9 Total manufacturing costs   $fill in the blank 22653a05d041061_10     - Select - Cost of goods manufactured   $fill in the blank 22653a05d041061_13         Question Content Area b.  For May, using the data given, prepare a statement of Cost of Goods…

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Given the following information, determine the cost of goods manufactured. Direct Labor Incurred $64,000 180,000 Manufacturing Overhead Incurred Direct Materials Used 155,000 197,000 98,000 220,500 110,000 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Work-in - Process Inventory, Jan. 1 Work-in - Process Inventory, Dec. 31 O A. $185,000 B. $509,500 OC. $289,000 O D. $399,000

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