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Business · Accounting
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Companys income statement for May statement for a manufacturing company The following information is available for followin s 1 cost of goods manufactured, for 20 Work in process Finished goods 63.900 101,200 99,800 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor 5 400,000 30.000 80,000 1,100,000 115,000 Materials purchased Office salaries expense 318,000 Property taxes-factory Property taxes-office building 40,000 27,000 3,850,000 Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory of 9,500 1,400 Instructions 1. Prepare the 20Y8 statement of cost of goods manufactured. 2. Prepare the 20Y8 income statement

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