The following information is available for Oriole Company

January 1, 2020 2020 December 31, 2020

Raw materials inventory $21,950 $31,370

Work in process inventory 18,360 18,110

Finished goods inventory 28,500 23,650

Materials purchased $153,710

Direct labor 223,790

Manufacturing overhead 181,740

Sales revenue 902,150

Compute cost of goods manufactured

Prepare an income statement through gross profit.

Show the presentation of the ending inventories on the December 31, 2020, balance sheet.