Reference no: EM132533854

Consider the following information for Huntersville Inc. for the fiscal year ended December 31.

Depreciation expense-administrative office          $36,900

Depreciation expense-plant and equipment           93,000

Direct labor-wages                                           542,100

Materials Inventory, Dec. 31                            36,500

Materials Inventory, Jan. 1                           26,000

Direct materials purchases                          190,000

Finished goods inventory, Dec. 31                      24,400

Finished goods inventory, Jan. 1                        16,400

Heat, light, and power-plant                             48,200

Indirect labor                                                27,800

Property taxes-plant                                       37,500

Sales representatives' salaries                          152,000

Sales revenue                                               1,653,000

Factory supervisor's salary                               68,100

Supplies-administrative office                           18,800

Supplies-plant                                               30,400

Work-in-process inventory, Dec. 31                   11,800

Work-in-process inventory, Jan. 1                      26,500

Required:

Question A. Make a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31.