Boisvert lte had the following inventories at the beginning and at the end of the year:

1 JANUARY 31 DECEMBER

Raw materials (of which 20% were supplies)	10 000 $	12 000 $
Current products	20 000 $	17 000 $
Finished products	30 000 $*	??
* The stock of finished products on January 1 was 7,500 units

* The stock of finished products on January 1 was 7,500 units

During the year, 250,000 units were sold and 247,000 units were manufactured. Purchases of raw materials cost $ 375,000, of which 80% were raw materials (20% supplies). The cost of the labor was $ 400,000, 65% direct labor and 35% indirect labor. In addition to supplies (also called indirect materials) and indirect labor, the following manufacturing overhead costs were incurred:

Driving force $ 160,000 Depreciation 45,000 Property taxes 85,000 Repairs and maintenance 20,000

The selling costs were $ 125,000 and the administration costs were $ 80,000.

Work required:

Calculate:

1. the cost of the products produced; 2. product costs (also called product costs); 3. period costs (also called period costs); 4. the income statement.