Sky Tracker Corporation manufactures a telecommunications device. During its first year of operations, the company started and completed 50 devices at a cost of $60,000 per unit. Of these, 48 were sold for $105,000 each and two remain in finished goods inventory. In addition, the company had six partially completed units in its factory at year-end. Total costs for the year (summarized alphabetically) were as follows.

Direct materials used		$	743,000
Direct labor			866,000
Income tax expense			100,000
General and administrative expenses			500,000
Manufacturing overhead			1,780,000
Selling expenses			500,000

Required:

A. Compute the cost of finished goods manufactured for the current year.

B. Compute the cost of goods sold for the current year.

C. Compute the gross profit on sales and net income for the current year.