Trendwell Company produced 190,000 cases of aerated drinks during the past calendar year. Each case of 800-ml drinks sells for $42. Trendwell had 2,800 cases of aerated drinks in finished goods inventory at the beginning of the year. At the end of the year, there were 12,600 cases of aerated drinks in finished goods inventory. Trendwell's accounting records provide the following information:

Purchases of direct materials

$ 2,740,000

Direct materials inventory, January 1

$ 320,000

Direct materials inventory, December 31

$ 122,000

Direct labour

$ 1,430,000

Indirect labour

$ 254,000

Depreciation, factory building

$ 532,000

Depreciation, factory equipment

$ 387,000

Property taxes on factory

$ 72,000

Utilities, factory

$ 134,000

Insurance on factory

$ 196,000

Salary, sales supervisor

$ 92,000

Commissions, salespersons

$ 198,000

Advertising

$ 356,000

General administration

$ 413,000

Work in process inventory, January 1

$ 385,000

Work in process inventory, December 31

$ 648,000

Finished goods inventory, January 1

$ 209,600

Finished goods inventory, December 31

$ 419,000

Prepare a schedule of cost of goods manufactured. Compute the cost of producing one case of aerated drinks last year Prepare an income statement on an absorption costing basis.