Prepare an income statement for this company at the end of the month. Purchased $$254,000$ of materials.

Used $$182,880$ of direct materials in production.

Incurred $$457,200$ of direct labor wages.

Incurred $$182,900$ of factory overhead.

Transferred $$772,200$ of work in process to finished goods.

Sold goods for $$1,219,200.$

Sold goods with a cost of $$685,800.$

Incurred $$218,400$ of selling expense.

Incurred $$127,000$ of administrative expense.