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Business, 06.09.2019 00:30 sloane50

Consider the following information for fair wind yachts inc., a manufacturer of sailboat rigging, blocks, and cordage.
advertising expenses s 153,80
depreciation expense-administrative office 76, 280
depreciation expense-plant and equipment 323,000
depreciation expense-delivery trucks 47,100
materials inventory, beginning 19,888
materials inventory, ending 22,500
direct materials purchases 425,808
direct labor 524,800
indirect labor 275,880
finished goods inventory, beginning 55,680
finished goods inventory, ending 44,288
insurance on plant 33,800
heat and light for plant 23,200
repairs on plant building 37,500
supervison's salary-plant 98,900
supplies-plant 132,680
supplies-administrative office 78,900
work-in-process inventory, beginning 32,500
work-in-process inventory, ending 40,280
sales representatives salaries 326,500
sales revenue 2,947,000
required prepare a statement of cost of goods manufactured and an income statement for fair wind yachts for the year ended december 31.

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