Baber, Inc., manufactures custom scaffolding used in construction projects. The following data pertain to its operations for the most recent year: Direct materials beginning inventory $23,000 Direct materials ending inventory $42,000 WIP beginning inventory $98,500 WIP ending inventory $76,400 Finished goods beginning inventory $124,350 Finished goods ending inventory $138,750 Raw materials purchased $190,000 Direct labor cost $145,000 Selling and administration expenses $87,600 Revenues $694,740 You also know that Baber, Inc., uses two allocation bases to charge overhead to products. It calculates a rate of 20% of materials cost for materials-related overhead. The rate for all other manufacturing overhead is 150% of direct labor cost. Required: a. Calculate the cost of direct materials issued to WIP during the year. b. Calculate the cost of manufacturing overhead charged to production. c. Calculate the cost of goods manufactured during the year. d. Calculate the cost of goods sold during the year. e. Prepare a GAAP-type income statement. f. For a particular custom truss, Baber informs you that it incurred $7,800 for direct materials costs and $12,300 for direct labor costs. What is the inventoriable cost of this truss? g. Comment on whether the value of the units as reported in the ending inventory account is a good estimate of the products costs for decisions such as setting pricing.