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The following data pertain to Spartan Products Company: Sales revenue...

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Accounting

The following data pertain to Spartan Products Company:
Sales revenue $ 2,050,000
Materials inventory, January 127,000
Direct laborwages 385,000
Depreciation expenseplant and equipment 87,000
Indirect laborwages 12,000
Heat, light, and powerplant 15,500
Supervisors salaryplant 47,000
Finished goods inventory, January 138,500
Work-in-process inventory, December 3128,500
Suppliesadministrative office 7,400
Property taxesplant 27,000
Finished goods inventory, December 3147,000
Materials inventory, December 3133,500
Sales representatives salaries 295,000
Work-in-process inventory, January 142,000
Materials purchases 184,000
Suppliesplant 6,800
Depreciationadministrative office 40,500
Required:
Prepare a statement of cost of goods manufactured and an income statement for Spartan Products Company for the year ended December 31.

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