i need help please 1Superman CompanyRoderick CompanySuperman Company has the following costs and expenses for the year ending December 21, 2X20.Raw materials, 1/1/20Raw materials, 12/31/20Raw materials purchasesWork-in-process, 1/1/20Work-in-process, 12/31/20Finished goods, 1/1/20Finished goods, 12/31/20Direct laborFactory manager's salaryInsurance, factoryP30,000 Property taxes, factory building20,000 Sales revenue205,000 Delivery expenses80,000 Sales commissions50,000 Indirect labor110,000 Factory machinery rent120,000 Factory utilities350,000 Depreciation, factory building35,000 Administrative expenses14,000P6,0001,500,000100,000150,000105,00040,000Roderick Company reported the following costs and expenses in May.Factory utilitiesDepreciation on factory equipmentDepreciation on delivery trucksP15,600 Direct labor12,650 Sales salariesP89,10046,4002,5008,800 Property taxes on factorybuilding48,900 Repairs to office equipment80,800 Factory repairs137,600 Advertising13,000 Office supplies used65,00024,000Indirect factory labor2,300300,000Indirect materialsDirect materials usedFactory manager's salary2,00018,0005,640Requirement:1. Prepare a cost of goods manufactured schedule for Superman Company for 2X20. Note: Assume thatall raw materials used were direct materials. (10 points)2. Prepare an income statement for Superman Company for 2020. (10 points)3. Assume that Superman Company's accounting records show the balances of the following currentasset accounts: Cash P17,000, Accounts Receivable (net) P120,000, Prepaid Expenses P13,000, andShort-Term Investments P26,000. Prepare the current assets section of the balance sheet forSuperman Company as of December 31, 2020. (10 points)Requirement: Using the given information, determine the total amount of: (3 items x 5 points)1. Manufacturing overhead2. Product costs3. Period costs2Tom CorporationTom Corporation incurred the following costs while manufacturing its product.Materials used in productionDepreciation on plantProperty taxes on storeLabor costs of assembly-line workersFactory supplies usedP120,000 Advertising expense60,000 Property taxes on plant7,500 Delivery expense110,000 Sales commissions25,000 Salaries paid to sales clerksP45,00019,00021,00035,00050,000Work-in-process inventory was P10,000 at January 1 and P14,000 at December 31. Finished goods inventorywas P60,500 at January 1 and P50,600 at December 31. Note: Assume all materials were direct.Requirement: Using the given information, compute for: (2 items x 5 points)1. Cost of goods manufactured2. Cost of goods sold

Manufacturing overheads are the indirect cost incurred in the manufacturing of products. It is…

Roderick Company reported the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks P15,600 Direct labor 12,650 Sales salaries 8,800 Property taxes on factory building 48,900 Repairs to office equipment 80,800 Factory repairs 137,600 Advertising 13,000 Office supplies used P89,100 46,400 2,500 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 2,300 2,000 18,000 5,640 Requirement: Using the given information, determine the total amount of: (3 items x 5 points) 1. Manufacturing overhead 2. Product costs 3. Period costs