Information from the records of ABC Company for the last month is as follows:

Purchases of direct materials $ $65,000$

Indirect labor $25,000$

Direct labor $32,500$

Depreciation on factory machinery $12,000$

Sales $205,900$

Selling and administrative expenses $21,000$

Rent on factory building $28,000$

Inventories Beginning Ending

Direct materials $$30,000$ $$30,100$

Work in process $9,00010,100$

Finished goods $22,00020,100$

Required:

a$.$ Prepare a statement of cost of goods manufactured for the last month.

b$.$ Prepare an income statement for the last month.

c$.$ Determine prime and conversion costs.