Roma Manufacturing Company makes water heaters. Selected account balances on December 31, 2016, the end of its fiscal year, are given below. Data about the beginning and ending inventories are also given.

Accounts	Balances
Sales	$	1,065,000
Sales Returns and Allowances		6,500
Materials Purchases		202,500
Direct Labor		205,000
Indirect Labor		37,000
Payroll TaxesFactory		24,000
UtilitiesFactory		25,000
Repairs and MaintenanceFactory		6,000
Indirect Materials and Supplies		7,000
DepreciationFactory Building		6,000
DepreciationFactory Equipment		5,500
InsuranceFactory		10,000
Property TaxesFactory		9,000
Sales Salaries Expense		130,000
Payroll Taxes ExpenseSelling		13,000
Delivery Expense		9,000
Advertising Expense		10,000
Miscellaneous Selling Expenses		26,000
Officers Salaries Expense		160,000
Office Salaries Expense		46,000
Payroll Taxes ExpenseAdministrative		20,500
Other Administrative Expenses		4,000
Income Tax Expense		23,250

Inventory Data	Jan. 1, 2016				Dec. 31, 2016
Finished Goods Inventory	$	36,000			$	31,000
Work in Process Inventory		40,000				37,000
Raw Materials Inventory		23,000				21,000

1.

Prepare a statement of cost of goods manufactured for 2016

Prepare an income statement for 2016 Analyze: For every dollar earned in net sales, what portion was spent on manufacturing costs? (Round your answer to 2 decimal places.) The portion that was spent on manufacturing costs is: $