Following is information from the records of the Savoy Company for July 2017.

Required
Prepare a statement of cost of goods manufactured and an income statement. Actual overhead costs are assigned to products.

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Purchases Raw materials...... Manufacturing supplies Office supplies. Sales... Administrative salaries. Direct labor..... Production employees' fringe benefits* Sales commissions..... Production supervisors' salaries Plant depreciation Office depreciation. Plant maintenance Plant utilities.. Office utilities. Office maintenance Production equipment rent. Office equipment rent....... * Classified as manufacturing overhead $ 90,000 3.500 1,200 445.800 12,000 117,500 4.000 55,000 7.200 14,000 22.000 10,000 35,000 8,000 2,000 6,000 1,300