The following information is available for Sassafras Company:

		January 1, 2020		2020		December 31, 2020
Raw materials inventory		$21,000				$28,000
Work in process inventory		13,500				15,200
Finished goods inventory		27,000				19,000
Materials purchased				$150,000
Direct labour				220,000
Manufacturing overhead				180,000
Sales				910,000

Calculate the cost of goods manufactured also Prepare an income statement through gross profit. and Show the presentation of the ending inventories on the December 31, 2020, balance sheet.

Cost of goods manufactured

$