Sales$657,000

Direct labor cost$80,000

Raw material

purchases$135,000

Selling expenses$105,000

Administrative expenses$47,000

Manufacturing overhead applied to work in process$200,000

Actual manufacturing overhead costs$220,000

Inventories . Beginning . EndingRaw

materials . $9,000 . $10,200

Work in process $5,900 $20,800

Finished goods $71,000 $25,700

Required:

1. schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.

2. a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.

3. income statement.