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On Dec. 31, 2020, Geth Co. had total sales of $857,490 and costs for the year of: Beginning raw material balance $ 9,000 Ending raw

On Dec. 31, 2020, Geth Co. had total sales of $857,490 and costs for the year of:

Beginning raw material balance $ 9,000

Ending raw material balance $ 21,000

Beginning WIP $389,500

Ending WIP $867,530

Beginning finished goods $ 25,790

Ending finished goods $ 37,620

Indirect materials $ 16,000

Raw material purchased $136,000

Manufacturing overhead used $795,900

Direct labor used $118,750

General & administration expenses $113,540

Selling expenses $ 64,560

1. Calculate the cost of direct materials used in production.

2. Calculate the cost of goods manufactured.

3. Calculate the cost of cost of goods sold.

4. Prepare an income statement for the year ending December 31, 2020

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