The following data from the just completed year are taken from the accounting records of Kenton Company:

Sales

875,000

Direct labor cost

165,000

Raw material purchases

129,000

Selling expense

48,750

Administrative expenses

146,250

Manufacturing overhead applied to work in process

180,000

Inventories:

Beginning

Ending

Raw materials

18,000

15,000

Work in process

20,000

15,000

Finished goods

9,000

11,000

Required:

Prepare Statement of Cost of Goods Manufactured and Income Statement & fill up following Blanks

A) Raw Material Used

B) Prime Cost

C) Conversion Cost

D) Manufacturing Cost

E) Cost of Goods Manufactured

F) Cost of Goods Sold

G) Net Profit