Manlius Manufacturing Co. produces only one product. You have obtained the following information from the corporation's books and records for the year ended December 31, 2013:

a. Total manufacturing cost during the year was $1,000,000, including direct materials, direct labor, and factory overhead.

b. Cost of goods manufactured during the year was $970,000.

c. Factory Overhead charged to Work in Process was 75% of direct labor cost and 27% of the total manufacturing cost.

d. The beginning Work in Process inventory, on January 1, was 40% of the ending Work in Process inventory, on December 31.

Required:

Prepare a statement of cost of goods manufactured for the year ended December 31 for Manlius Manufacturing.