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The following data are taken from the accounting records of Gregory Mfg. Co.: 2019 2018 Ending inventories: Materials $ 100,000 $80,000 Work in Process $64,000

The following data are taken from the accounting records of Gregory Mfg. Co.:

2019 2018

Ending inventories:

Materials $ 100,000 $80,000

Work in Process $64,000 $56,000

Finished Goods $140,000 $170,000

Manufacturing goods:

Direct materials used $657,000

Direct labor costs charged to production $270,000

Manufacturing Overhead $378,000

a)Prepare a statement of cost of goods manufactured for 2019 in good form.

b)The company generally prices products adding 20% to the cost of goods

sold.Determine the total revenue the company would have generated in

2019.Show your calculations.

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