Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $57,000 and its total manufacturing overhead cost to be $91,200. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. predetermined overhead rate is 160 % of direct labor

Raw Materials Inventory					Work in Process Inventory
Beginning Balance	13,400	79,100			Beginning Balance	29,700	187,700
Purchases	93,800				Direct Materials	69,200
Ending Balance	28,100				Direct Labor	$41,500
					Applied Overhead	66,400
					Ending Balance	19,100
Finished Goods Inventory					Cost of Goods Sold
Beginning Balance	41,000	179,100			Unadjusted Cost of Goods Sold	179,100
Cost of Goods Completed	187,700				Adjusted Cost of Goods Sold	166,200
Ending Balance	49,600
Sales Revenue					Manufacturing Overhead
		302,000			Indirect Materials	9,900	66,400	Applied Overhead
					Indirect Labor	15,000
					Factory Depreciation	12,300
					Factory Rent	5,700
					Factory Utilities	1,900
					Other Factory Costs	8,700
					Actual Overhead	53,500
Selling, General, and Administrative Expenses
Adm. Salaries	27,000
Office Depreciation	18,600
Advertising	14,200
Ending Balance	59,800

Over-applied by $12,900.

DOBSON MANUFACTURING COMPANY
Cost of Goods Manufactured and Sold Report
Beginning Raw Materials Inventory	13,400
Plus: Raw Material Purchases	93,800
Less: Indirect Material Used	9,900
Less: Ending Raw Materials Inventory	28,100
Direct Materials Used in Production	69,200
Direct Labor	41,500
Manufacturing Overhead	66,400
Total Current Manufacturing Costs	177,100
Plus: Beginning Work in Process Inventory	29,700
Total Work in Process	206,800
Less: Ending Work in Process Inventory	19,100
Cost of Goods Manufactured	187,700
Plus: Beginning Finished Goods Inventory	41,000
Cost of Goods Available for Sale	228,700
Less: Ending Finished Goods Inventory	49,600
Unadjusted Cost of Goods Sold	179,100
Adjustment for Overapplied Overhead	-12,900
Adjusted Cost of Goods Sold	166,200

5. Prepare a brief income statement for the company.

DOBSON MANUFACTURING COMPANY
Income Statement
Sales Revenue	??????
Cost of Goods Sold	??????
Gross Profit	??????
Selling, General, and Administrative Expenses	??????
Net Income from Operations	??????