Good Vibrations, Inc., produces videotapes of musical performances. A newly hired executive of the company has asked you to sort through the records and prepare a statement of the companys cost of goods manufactured. You find the following data from records prepared by Good Vibrations, Inc., for the year ended 2009 December 31:

Inventories:
Beginning direct materials inventory, 2009 January 1	$6,000
Ending direct materials inventory, 2009 December 31	10,500
Beginning work in process inventory, 2009 January 1	10,000
Ending work in process inventory, 2009 December 31	9,500
Materials purchases	50,000
Direct labor	40,000
Indirect labor	15,000
Factory utilities expense	7,000
Factory supplies expense	5,000
Depreciation expense factory building	14,000
Depreciation expense Factory Equipment	10,500
Other manufacturing overhead	25,000

You also learn that beginning Finished Goods Inventory on 2009 January 1, was USD 20,000 and ending Finished Goods Inventory on 2009 December 31, was USD 5,000. Sales for the year were USD 400,000. Selling expenses were USD 50,000 and administrative expenses were USD 75,000.

a. Prepare a statement of cost of goods manufactured for Good Vibrations, Inc., for the year ended 2009 December 31.