Information from the records of the Bridgeview Manufacturing Company for August 2017 follows:

Sales	$318,000
Selling and administrative expenses	127,500
Purchases of raw materials	48,000
Direct labor	30,000
Manufacturing overhead	58,500

Required
Prepare a statement of cost of goods manufactured and an income statement for August 2017.
 

Raw materials Work-in-process Finished goods Inventories August 1 August 31 $11,000 $5,000 17,000 11,000 15,000 22,000