Serifini Ltd's accountant extracted the following data from the company's accounting records for the year ended June 30, 2002.

Sales - $729,500

Direct Labor- $142,000

Purchases of raw materials- $240,000

Selling expenses -$50,000

Administrative Expenses-$60,000

Inventories at July 1, 2001

Raw materials -64,000

Work in process- 50,000

Finished Goods- 96,000

Inventories at June 30,, 2002

Raw materials -56,000

Work in process- 48,000

Finished Goods- 104,000

Factory Overhead is applied at the rate of 110% of direct labor.

Required:

a) Prepare a cost of goods manufactured statement for the year ended June 30, 2002

b) What was the company's cost of goods sold for the year ended, June 30, 2002

c) What was the company's gross profit for the year ended June 30, 2002.