The Best Form Dubai Companys compilation of cost accounting data disclosed the following: The inventory of raw materials on January 1, 2017 amounted to $10,000. The raw material purchases during the year amounted to $190,000 and the inventory of raw materials at the end of the year, December 31, 2017, amounted to $30,000. The direct labor cost for the year was $110,000. Other costs and expenses included: indirect labor $30,000, factory supervision $10,000 and factory machinery depreciation of $50,000, sales salaries 40,000, advertising expenses 50,000, sales commissions 60,000, office machinery depreciation, 100,000, office supplies 10,000, factory supplies 20,000, indirect materials 12,000, depreciation office equipment $80,000. The inventory of goods in process at December 31, 2016 was $12,000 and the goods in process inventory at December 31, 2017 amounted to $42,000. Finished goods inventory at December 31, 2016 was $20,000 and finished goods ending inventory December 31, 2017 was $10,000. Sales revenue $600,000, Income tax expenses $40,000.

Prepare the Companys Manufacturing Statement and Cost of Goods Sold for the year ended December 31, 2017