ABC Company, a manufacturing firm, has supplied the following information from its accounting Records for the year 2020

Purchases of raw materials birr 76,000

Direct labor cost 52,500

Supplies used 5,300

Factory insurance 1,050

Commissions paid 7,500

Factory supervision 9,675

Advertising 2,400

Material handling 11,000

Work-in-process inventory January 1,2020 47,500

Work-in-process inventory, December 31,2020 42,000

Materials inventory, January 1,2020 10,400

Materials inventory, December 31,2020 28,500

Finished goods inventory, January 1,2020 20,055

Finished goods inventory, December 31,2020 10,750

Sales as of December 31,2020 250,000

Sales as of December 31,2020

Required

1.Perpare a statement of cost of goods manufactured ?

2. Prepare a statement of cost of goods sold?

3.Prepare income statement ?