Answer:
Explanation:
PREPARE COST OF GOODS MANUFACTURED :
Beginning work in process 42000
Raw material consumed 
Beginning raw material	38000 
Add : raw material purchase	184500 
Less : Ending raw material	(52700) 
Raw material consumed 169800	
DIrect labour 42000	
Factory overhead 
Factory supplies used	16800 
Factory utilities	10200 
Depreciation factory equipment	16800 
Indirect labour	48000 
Property taxes	5500 
Reent factory equipment	47000 
Repairs factory equipment	4500 
Total manufacturing overhead 148800	
Total manufacturing cost 360600
Less : Ending work in process (52700)
Cost of goods manufactured
INCOME STATEMENT :
Sales revenue 1350000
Cost of goods sold 
Beginning finished goods inventory	72550	
Cost of goods manufactured	349900	
goods available for sale	422450	
Less : endin finished goods inventory	(68800)	
Cost of goods olsld (353650)
Gross profit 996350
Less : advertising expenses	(54000)	
Less : selling commission	(40500)	
Less : dep on office equipment	(2400)	
Less : office suppplies used	(1600)	
Less : other administrative exp	(72000)	
Less : Salaries exp	(325000)	(495500)
Net income 500850
BALANCE SHEET CURRENT SECTION :
ASSETS 
Current assets 
Cash 260000
Account receivable 275000
Prepaid exp 41250
Inventory 
Raw material	52700	
Work in process	52700	
Finished goods	68800	174200
Total current assets 750450