Based on the following data from "Company. Prepare a Statement of Cost of Production and Sales for 20XX.

Energy $3,600 Miscellaneous manufacturing expenses 1,000 Net purchases of MPD 456,000 Indirect labor 2,800 Machinery depreciation 20,000 Heating and lighting 6,400 Fire insurance 2,000 Crafting Supplies Purchased 5,200 Direct labor 196,000 Factory rent 12,000 Tool expenses 2,200 Accident insurance 3,400

Inventories at 1st. January 20XX:

Direct raw material $224,000 Products in manufacturing process 80,000 Finished products 248,000 Crafting Supplies 800

Inventories as of December 31, 20XX:

Direct raw material 148,000 Products in manufacturing process 36,000 Finished products 60,000 Crafting Supplies 600

NOTE: Supplies (lubricants and oils for machines) are considered indirect raw materials.