ABC company has the following data:

Revenue $450,000

Beginning inventory of direct materials, January 1, 2015 24,000

Purchases of direct materials 151,000

Ending inventory of direct materials, December 31, 2015 18,000

Direct manufacturing labor 27,000

Indirect manufacturing costs 50,000

Beginning inventory of finished goods, January 1, 2015 43,000

Cost of goods manufactured 234,000

Ending inventory of finished goods, December 31, 2015 48,000

Operating costs 152,000

No beginning work in process inventory

Required:

a- Prepare cost of goods manufactured statement

b- Prepare income statement