A fire on the premises of Bydo Inc. destroyed most of its records. Below is an incomplete set of data for operations in 2012:

Sales............................................................................... ?

Raw materials, beginning inventory ................................$13,000

Purchases ................................................................13,000

Raw materials, ending inventory............................................ ?

Direct materials .........................................................20,000

Direct labour .............................................................25,000

Factory overhead .........................................................8,000

Manufacturing costs added during the year

Work in process, beginning inventory .................................8,000

Work in process, ending inventory .....................................7,000

Cost of goods manufactured ................................................?

Finished goods, beginning inventory ..................................6,000

Finished goods, ending inventory

Cost of goods sold ......................................................55,000

Gross profit ................................................................9,000

Operating expenses ............................................................?

Operating income (loss) ................................................(4,000)

Instructions

Prepare an income statement for 2012. Include separate schedules for the cost of goods sold and cost of goods manufactured.