Dell Inc. manufactures computers and uses a job costing system. They recorded the following information for the current year. Beginning Ending Materials Inventory 35,000 28,000 Work in Process 18,000 14,500 Finished Goods 16,000 24,000 Rent 125,000 General & Admin Expense 18,500 Depreciation 45,000 Indirect Materials 50,000 Indirect Labor 55,000 Marketing Expense 120,000 Current year sales 1,020,000 Purchased 39,000lbs of material used to manufacture computers. The cost per pound was $10. Direct labor personnel eamed $20 per hour. There were 6,500 direct labor hours for the year. Dell incurred and paid $12,000 of property taxes which were all related to the office building. Dell incurred $45,000 of depreciation on manufacturing equipment. The rent expense was related to both the manufacturing plant and the office building. 60% was related to the manufacturing plant and 40% was related to the office building. Dell incurred other factory overhead costs for the year in the amount of $3,20 1. Prepare a cost of goods manufactured statement, calculate cost of goods sold, and prepare an income statement for the current year for Dell, Inc