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Question: The business transactions of Robinson Company are given below. Robinson factory manufactures furnitures and accounts manufacturing job-costing system using normal costing. Begin its operations with the given balances (on excel sheet). Purchase of direct $30.000 and indirect $20.000 materials on account. Usage of direct material is $70,000, and indirect material is $10,000. - Direct manufacturing labor is $30,000, and indirect manufacturing labor is $20,000. - Incurrence of electricity usage for the factory is $2.000, sales store is $1.000. - Allocation of manufacturing overhead is $20,000. - Completion and transfer to finished goods is 34.000 units. Depreciation expense for the sales store is $3.000, factory is $8.000. Incurrence of marketing and customer-service cost is $30,000. Purchase of insurance policy for the car is $1.000. - 12.000 units sold at a unit sales price of $30. Requirements: Journalize the transactions above. Calculate the cost of goods sold (using FIFO) and Prepare an income statement with a separate supporting schedule of cost of goods manufactured, Q R S U V w AA AB Date Purchases units cost/unit amount FIFO Cost of Goods Sold units cost/unit amount Inventory on Hand units cost/unit amount 10.000 4 40.000 K CASH 100.000 M D D ACC REC D D D MAT INV 150.000 MAT INV direct 100.000 D DMAT INV indirect C 50.000 WIP 20.000 D MAN OVE C D FIN GOODS INV_C 40.000 D D CAR 25.000 CAR sales dep 25.000 BUILDING 150.000 D BUILDING factory 100.000 M N O D BUILDING 150.000 P D BUILDING factory 100.000 DACC DEPRECIATIONC D JUILDING sales stor C 50.000 D D SALARY PAY ACC PAY 85.000 D D SALES REV CAPITAL 400.000 D GENERAL EXP__C D INSURANCE EXP DEPRECIATION EX C D ELECTRICITY EXP C

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