Module 9 Assignment: The following information was available for Hamilton Industries for the year 20XX: Inventories 1-Jan 31-Dec Materials $85,000 $105,000 Work in process 120,000 105,000 Finished goods 125,000 110,000 Advertising expense $75,000 Depreciation expense-office equipment 25,000 Depreciation expense-factory equipment 16,000 Direct Labor 205,000 Heat, light, and power-factory 6,500 Indirect labor 26,000 Materials purchased 135,000 Office salaries expense 85,000.

Property taxes-factory 4,500 Property taxes-headquarters 15,000 Rent expense-factory 7,500 Sales 950,000 Sales salaries expense 150,000 Supplies-factory 3,500 Miscellaneous cost-factory 4,500 Requirements: 1 Prepare the 20XX statement of cost of goods manufactured. Hamilton Industries Statement of Cost of Goods Manufactured For the Year ended December 31, 20XX 2 Prepare the 20XX income statement. Hamilton Industries Income Statement For the Year ended December 31, 20XX