Calculate

5 Ex-1. The December 31, 2017 ledger account balances are presented below for Heins Company: Sales Insurance on production inventories Factory supervision Indirect materials Office equipment depreciation Employee benefit costs (60% of which is for factory employees) Delivery expense for finished products Direct labor Direct materials Office fire insurance Finished goods inventory Indirect labor Administrative and marketing salaries Factory property tax Advertising Production equipment lease cost Work in process inventory 894.000 9.000 56.000 6.000 9.000 45.000 5.000 148.000 123.000 3.300 65.000 13.000 154.000 19.000 19.000 44.000 78.000 24 26 Beginning inventories on January 1, 2017 were $47,000 for finished goods inventory and $62,000 for work in process inventory. 27 29 Required: Compute for the amount of: 1. Total manufacturing overhead costs. 2. Total current period manufacturing costs. 3. Cost of goods manufactured 4. Goods available for sale. 5. Cost of goods sold. 6. Net income for year 2017