Butcher Company provides the following data for its year ended July 31, 19X2:

Factory overhead is applied at the rate of 40 percent of direct labor dollars. Selected inventory accounts have these beginning and ending balances:

Required:
Prepare a cost of goods manufactured statement and an income statement.

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Administrative expenses.. Direct labor cost (53,000 hours) Gross margin... Marketing expenses. Sales... $ 195,000 424,000 1,500.000 600,000 3,500,000