The following information applies to the Johnson Tools Company for the year. 
Required:
Prepare a statement of cost of goods manufactured and an income statement for the year.
Definitions:
Cultural Studies
An interdisciplinary field of research that examines the cultural norms, practices, and productions to understand societal dynamics.
Critical Theory
A philosophical approach to culture, literature, and art that seeks to confront social, historical, and ideological forces and structures.
Social Control
Mechanisms, strategies, and institutions society uses to regulate individual and group behaviors to conform to and enforce norms and rules.
Administered
Managed or directed; the implementation and execution of rules, operations, or care by an individual or authority.
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