Logan Products, a small manufacturer, has submitted the items below concerning 2020s operations. The presidents secretary, trying to be helpful, has alphabetized the list.

Administrative salaries	$4,250
Advertising expense	2,190
Depreciation factory building	1100
Depreciation factory equipment	750
Depreciation office equipment	225
Direct labour cost	27,650
Raw materials inventory, January 1	2,875
Raw materials inventory, December 31	3,765
Finished goods inventory, January 1	59,680
Finished goods inventory, December 31	47,890
Indirect labour cost	12,700
Insurance on factory	1,800
Purchases of raw materials	16,525
Repairs and maintenance of factory	1,250
Sales	138,000
Sales salaries	3,265
Property taxes on factory	490
Travel and entertainment expense	1,265
Work-in-process inventory, January 1	1,750
Work-in-process inventory, December 31	845

Required:

1. Prepare a schedule of cost of goods manufactured in good form for the year. (18 marks)
2. Prepare the COGS sold section of the income statement for the year ended December 31, 2020. (6 marks)