The cost of goods sold for the ABC Corporation for the month of June 2015 was $450,000. Work-in-process inventory at the end of June was 95 percent of the work-in-process inventory at the beginning of the month. Overhead is 80 percent of the direct labor cost. During the month, $110,000 of direct materials were purchased. Revenues for ABC were $600,000, and the selling and administrative costs were $70,000. Other information about ABC's inventories and production for June was as follows:

Ending inventories-June 30, 2015
Direct materials	$ 19,000
Work in process	?
Finished goods	105,000
Beginning inventories-June 1, 2015
Direct materials	$ 22,200
Work in process	40,000
Finished goods	208,500

Required:

a. Prepare a cost of goods manufactured and cost of goods sold statements.

b. Prepare an income statement.

c. What are the prime costs, conversion costs, and period costs? Show calculations.