Use the following information to perform the calculations below.

a. Calculate total manufacturing costs.

b. Calculate cost of goods manufactured.

c. Calculate cost of goods sold.

d. Calculate net income ( or loss)

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Direct labor Factory insurance Factory supervisory Finished goods, January 1 Finished goods, December 3 Income taxes expense S 20,000 S 4000 Material purchased S15000 Office salaries expense S38,000 Sales Materials inventory, December 31, S 18000 S 26,000 10,000 S99,000 S13,000 S 25,000 $ 28,000 S 34,000 Sales salaries expense s 4,000 Work in process, January 1 Materials inventory, January S 15,000 Work in process, December 31