The following information pertains to the most recent quarter at Builders Production Limited.

Purchases of raw materials 384,000

Raw materials inventory, beginning 46,400

Raw materials inventory, ending 76,000

Depreciation, factory 208,000

Insurance, factory 21,600

Direct labour 251,200

Maintenance, factory 126,400

Administrative expenses 292,800

Sales 2,184,000

Utilities, factory 116,000

Supplies, factory 4,160

Selling expenses 334,400

Indirect labour 271,200

Work in process inventory, beginning 28,800

Work in process inventory, ending 123,200

Finished goods inventory, beginning42,400

Finished goods inventory, ending 169,600

Requirement 1:

1. Prepare a schedule of cost of goods manufactured.

Requirement 2:

2. Prepare an income statement.