The following cost and inventory data were taken from the records of the Beca Company for the year 2020:

Costs incurred:

Depreciation, factory equipment 30,000

Depreciation, office equipment 7,000

Supplies, factory 1,500

Maintenance, factory equipment 20,000

Utilities, factory 8,000

Sales commissions 30,000

Indirect labor 54,000

Rent, factory building 70,000

Purchases of direct materials (net) 124,000

Direct labor cost 80,000

Advertising expense 90,000

Inventories:

Jan 1, 2020 Dec 31, 2020

Direct Materials 9,000 11,000

Work in Process 6,000 21,000

Finished goods 69,000 24,000

Required:

(a) Compute the cost of goods manufactured for 2020.

(b) Prepare a cost of goods sold statement for 2020.