The following data $($in thousands of dollars$)$ have been taken from the accounting records of Larner Corporation for the year just completed:

$\backslash$table$[[$Sales$,870],[$Purchase of raw materials,$100],[$Direct labour,$140],[$Manufacturing overhead,$220],[$Administrative expenses,$150],[$Selling expenses,$150],[$Raw materials inventory, beginning,$50],[$Raw materials inventory, ending,$75],[$Work$-$in$-$process inventory, beginning,$60],[$Work$-$in$-$process inventory, ending,$5],[$Finished goods inventory, beginning,$120],[$Finished goods inventory, ending,$180]]$

Required:

$($a$)$ Prepare a schedule of cost of goods manufactured in good form.

$($b$)$ Compute the cost of goods sold.

$($c$)$ Using data from your answers above as needed, prepare an income statement in good form.