5. Muleta products company accumulated for the following data for 2005.

Jan 1,2007 Dec 31

2008

Inventories:

Finished goods---------------------------------------------------$52 000 --------------$54 000

Work in process -------------------------------------------------$29 600 -------------$27 800

Raw materials ---------------------------------------------------$14 200---------------15 000

Direct labor ---------------------------------------------------95 000

Raw materials purchase ------------------------------------------138 000

Indirect labor -------------------------------------------------15 300

Indirect materials and supplies -----------------------------------10 800

Factory utility -------------------------------------------------18 600

Depreciation expense factory -----------------------------------14 000

Factory rent -------------------------------------------------18 000

Pay roll taxes-factory wages -----------------------------------8 100

Insurance expense-Factory -----------------------------------6 800

Sales ----------------------------------------------------710 000

Selling expense --------------------------------------------95 600

General expense ------------------------------------------75 300

Required:

1. Prepare statement of direct materials used.

2 .Prepare statement of cost of good of manufactured.

3. Prepare an income statement.