XYZ is a manufacturer, selling products to the home-construction market. Consider the following data for 2019:

Sandpaper $ 4,000

Materials-handling costs 72,000

Lubricants and coolants 7,000

Direct manufacturing labor 306,000

Indirect manufacturing labor - 20,000

Direct materials inventory, Jan. 1, 2014 - 44,000

Direct materials inventory, Dec. 31, 2014 - 50,000

Finished goods inventory, Jan. 1, 2014 - 103,000

Finished goods inventory, Dec. 31, 2014 - 152,000

Work-in-process inventory, Jan. 1, 2014 - 13,000

Work-in-process inventory, Dec. 31, 2014 - 16,000

Plant-leasing costs 57,000

Depreciationplant equipment 39,000

Property taxes on plant equipment 6,000

Fire insurance on plant equipment 5,000

Direct materials purchased - 470,000

Revenues - 1,470,000

Marketing promotions 65,000

Marketing salaries 105,000

Distribution costs 73,000

Customer-service costs 102,000

1. Prepare A income statement with a separate supporting schedule of cost of goods manufactured.