Alexsandar Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials):

Selling expenses	$	231,000
Purchases of raw materials	$	277,000
Direct labor		?
Administrative expenses	$	165,000
Manufacturing overhead applied to work in process	$	350,000
Total actual manufacturing overhead costs	$	387,000

Inventory balances at the beginning and end of the year were as follows:

	Beginning of Year			End of Year
Raw materials	$	66,000		$	31,400
Work in process		?		$	36,000
Finished goods	$	38,400			?

The total manufacturing costs for the year were $699,000; the cost of goods available for sale totaled $739,000; the unadjusted cost of goods sold totaled $670,000; and the net operating income was $46,000. The companys overapplied or underapplied overhead is closed entirely to cost of goods sold. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.)

Required:

a.	Prepare a schedule of cost of goods manufactured.

b.	Prepare a schedule of cost of goods sold.

c.	Prepare an income statement for the year.