Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour Direct materials used Work in process (1/1/2020) Work in process (12/31/2020) Finished goods (1/1/2020) Finished goods (12/31/2020) Factory utilities Depreciation, factory equipment Direct labour $5,000 254,200 31,800 26,000 35,300 28,600 41,400 34,000 304,900 22,500 63,200 340,900 1,232,000 42,700 Indirect materials Factory manager's salary Selling and administrative expenses Net sales Factory machinery rent Prepare a cost of goods manufactured schedule for 2020. Axteks Corporation Cost of Goods Manufactured Year Ended December 31, 2020 $ $ $ Prepare an income statement for 2020.
