The following data pertain to Babor Company for the fiscal year…

The following data pertain to Babor Company for the fiscal year ended December 31 : Prior December 31 Current December 31 Purchases of materials $ 165,000 Direct labor 114,000 Indirect labor 45,000 Factory insurance 8,000 Depreciation—factory 33,000 Repairs and maintenance — factory 11,000 Marketing expenses 144,000 General and administrative expenses 86,000 Materials inventory $ 23,000 55,000 Work – in – Process inventory 13,000 16,000 Finished Goods inventory 17,000 24,000 Sales in the current year were $ 625,000. Required : make a schedule of cost of goods manufactured and an income statement for the current year for Babor Company .

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