Data from the records of Douglass Company show the following:

There were 1,300 units completed and transferred to the finished goods storeroom during the year. Finished goods inventory on January | contained 100 units at a value of $3,000.
Sales during the year totaled 1,200 units. Inventory is costed out on a first-in, first-out basis.
Required:
From these data, prepare a cost of goods manufactured statement and an income statement for Douglass Company for the year 19X1. Round all unit cost to two decimal places.

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Direct material inventory, January 1, 19X1 Purchase discount on direct material. $10,000 200 Accounts receivable .. 15,000 Direct labor 8,000 Administrative expense control 21,000 Indirect material used 500 Work in process, January 1, 19X1 5,600 Sales..... 77,000 Direct material inventory, December 31, 19X1 5,500 Indirect labor.... 780 Purchases of direct material. 15,500 Cash 200 Factory insurance 1,000 Depreciation on factory building 6,000 Factory miscellaneous expense.. 700 Work in process, December 31, 19X1. 10,120 Marketing expense control. 18,000