The following cost and inventory data were taken from the records of the Beca

The following cost and inventory data were taken from the records of the Beca Company for the year:

Costs incurred:

Depreciation factory equipment $30000

Deprecation office equipment 7000

Supplies factory 1500

Maintaneance factory equipment 20000

utilities factory 8000

Sales commissions 30000

Indirect Labor 54500

Rent factory building 70000

Purchases of direct materials (net) 124000

Direct Labor 80000

Advertising Expense 90000

Inventories:

Jan 1 Dec 31

Direct Materials 9000 11000

Work in process 6000 21000

Finished goods 69000 24000

(a) Compute the cost of goods manufactured

(b) Prepare a cost of good sold statement