The following are various sales and cost data for Camelot Corporation for the year ended December 31, 2020:

Schedule COGS, COGM and Income statement.

Finished goods inventory, January 1	$20,000
Finished goods inventory, December 31	40,000
Depreciation, factory	27,000
Administrative expenses	110,000
Utilities, Factory	8,000
Maintenance, factory	40,000
Indirect factory materials	11,000
Insurance, factory	4,000
Purchases of raw materials	75,000
Raw materials inventory, January 1	9,000
Raw material inventory, December 31	6,000
Direct factory labour	120,000
Indirect factory labour	15,000
Work in process inventory, January 1	17,000
Work in process inventory, December 31	30,000
Sales	500,000
Selling expenses	80,000