The following information is available for Satterfields Custom Glass for the fiscal year ending December 31, 2014:

Beg bal in WIP

215,400

end bal in WIP

297,300

Beginning balance in Finished Goods Inventory

503,300

Ending balance in Finished Goods Inventory

397,900

Direct material cost

2,502,800

Direct labor cost

3,001,700

Manufacturing overhead

1,691,000

Selling expenses

306,000

General and administrative expenses

499,200

Sales

8,450,800

Prepare a schedule of cost of goods manufactured.

Prepare an income statement for fiscal 2014. Ignore income taxes.