The following cost and inventory data were taken from the records of the Beca Company for the year:

Costs incurred:

Depreciation, factory equipment $30,000

Deprecation, office equipment 7,000

Supplies, factory 1,500

Maintaneance , factory equipment 20,000

utilities, factory 8,000

Sales commissions 30,000

Indirect Labor 54,500

Rent factory building 70,000

Purchases of direct materials (net) 124,000

Direct Labor 80,000

Advertising Expense 90,000

Inventories:

Jan 1 Dec 31

Direct Materials 9,000 11,000

Work in process 6,000 21,000

Finished goods 69,000 24,000

(a) Compute the cost of goods manufactured

(b) Prepare a cost of good sold statement