Reference no: EM132611420
The financial information for Huntersvile Inc. for the fiscal year ended December 31, 2019 is as follows:
Depreciation expense-administrative office $35,850
Depreciation expense-plant and equipment 91,500
Direct labor-wages 530,400
Materials Inventory, Dec. 31 34,250
Materials Inventory, Jan. 1 24,500
Direct materials purchases 182,500
Finished goods inventory, Dec. 31 24,400
Finished goods inventory, Jan. 1 16,100
Heat, light, and power-plant 47,300
Indirect labor 27,200
Property taxes-plant 36,750
Sales representatives' salaries 150,500
Sales revenue 1,616,000
Factory supervisor's salary 67,650
Supplies-administrative office 18,200
Supplies-plant 30,100
Work-in-process inventory, Dec. 31 11,200
Work-in-process inventory, Jan. 1 25,750
Required:
Question 1: For Huntersville Inc.'s year ended December 31, 2019, statement of cost of goods manufactured and an income statement.
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