Complete a Schedule of Cost of Goods Manufactured and aManufacturing Company Income statement. Use the Cost of GoodsManufactured that was developed in the Schedule of Cost of GoodsStatement in the income statement.
Jan-Feb
Cost of Goods ManufacturedData 170000
Directlabor 20200
Depreciation 350300
Purchases of directmaterial 80175
Beginningwork-in-process 65200
Ending directmaterials 17750
Indirectmaterials 18575
Plant utilities, insurance and Propertytaxes 27100
Endingwork-in-process 70025
Beginning directmaterials 29500
Indirect labor
Manufacturing Income StatementData 1001000
Net salesrevenue 53500
Incometaxes 250
Beginning finishedgoods 5300
Suppliesexpense 60425
Ending finished goodsinventory 660375
Cost of goodsmanufactured 120125
Wageexpense 6750
Depreciationexpense 100025
Rentexpense 10075
Insurance expense
