1. Statement of Cost of Goods Manufactured and Income Statement fora Manufacturing Company

   The following information is available for Shanika Company for20Y6:

   Inventories	January 1	December 31
   Materials	$212,250	$267,440
   Work in process	382,050	363,720
   Finished goods	367,190	371,740
   Advertising expense		$181,590
   Depreciation expense-office equipment		25,670
   Depreciation expense-factory equipment		34,500
   Direct labor		411,860
   Heat, light, and power-factory		13,640
   Indirect labor		48,140
   Materials purchased		403,830
   Office salaries expense		140,940
   Property taxes-factory		11,230
   Property taxes-headquarters building		23,270
   Rent expense-factory		18,990
   Sales		1,890,800
   Sales salaries expense		232,140
   Supplies-factory		9,360
   Miscellaneous costs-factory		5,880

   Required:

   1. Prepare the statement of cost of goodsmanufactured.

   Shanika Company
   Statement of Cost of Goods Manufactured
   For the Year Ended December 31, 20Y6
   			$fill in the blank 7e5f500ad068063_2
   Direct materials:
   	$fill in the blank 7e5f500ad068063_4
   	fill in the blank 7e5f500ad068063_6
   	$fill in the blank 7e5f500ad068063_8
   	fill in the blank 7e5f500ad068063_10
   		$fill in the blank 7e5f500ad068063_12
   		fill in the blank 7e5f500ad068063_14
   Factory overhead:
   	$fill in the blank 7e5f500ad068063_16
   	fill in the blank 7e5f500ad068063_18
   	fill in the blank 7e5f500ad068063_20
   	fill in the blank 7e5f500ad068063_22
   	fill in the blank 7e5f500ad068063_24
   	fill in the blank 7e5f500ad068063_26
   	fill in the blank 7e5f500ad068063_28
   Total factory overhead		fill in the blank 7e5f500ad068063_29
   Total manufacturing costs incurred			fill in the blank 7e5f500ad068063_30
   Total manufacturing costs			$fill in the blank 7e5f500ad068063_31
   			fill in the blank 7e5f500ad068063_33
   Cost of goods manufactured			$fill in the blank 7e5f500ad068063_34

   2. Prepare the income statement.

   Shanika Company
   Income Statement
   For the Year Ended December 31, 20Y6
   			$fill in the blank 16f120f76026010_2
   Cost of goods sold:
   		$fill in the blank 16f120f76026010_4
   		fill in the blank 16f120f76026010_6
   		$fill in the blank 16f120f76026010_8
   		fill in the blank 16f120f76026010_10
   			fill in the blank 16f120f76026010_12
   			$fill in the blank 16f120f76026010_14
   Operating expenses:
   Administrative expenses:
   	$fill in the blank 16f120f76026010_16
   	fill in the blank 16f120f76026010_18
   	fill in the blank 16f120f76026010_20	$fill in the blank 16f120f76026010_21
   Selling expenses:
   	$fill in the blank 16f120f76026010_23
   	fill in the blank 16f120f76026010_25	fill in the blank 16f120f76026010_26
   Total operating expenses			fill in the blank 16f120f76026010_27
   			$fill in the blank 16f120f76026010_29