The following data pertain to Babor Company for the fiscal year ended December 31:

	Prior December 31				Current December 31
Purchases of materials					$	172,500
Direct labor						117,750
Indirect labor						46,500
Factory insurance						8,300
Depreciationfactory						33,750
Repairs and maintenancefactory						11,900
Marketing expenses						125,050
General and administrative expenses						86,450
Materials inventory	$	24,500				57,250
Work-in-Process inventory		13,750				16,600
Finished Goods inventory		17,300				24,400

Sales in the current year were $580,000.

Required:

Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company.

Stmt of COGM Income Statement Prepare a schedule of cost of goods manufactured for the current year for Babor Company. Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured Stmt of COGM Income Statement Prepare an income statement for the current year for Babor Company. Babor Company Income Statement For the Year Ended December 31 Cost of goods sold Cost of goods available for sale Cost of goods sold Total selling & administrative expenses