COGM statement and a COGS statement for ABC Corporation as of June 30.

Inventories

Raw Materials, July 1 32,000

Raw Materials, June 30 28,000

Work in Process, July 1 33,780

Work in Process, June 30 37,460

Finished Goods, July 1 56,970

Finished Goods, June 30 62,000

Administrative Salaries 135,000

Depreciation Expense - Office Equip 24,800

Depreciation Expense - Delivery Vehicle 36,200

Depreciation Expense - Factory Equip 52,400

Sales Discounts 29,000

Factory maintance 7,500

Advertising Expense 22,350

Direct Labor 268,000

Factory Supplies used 12,000

Income Tax Expense 91,500

Indirect Labor 35,000

Indirect Material 24,000

Factory insurance 15,500

Factory utilities 14,000

Raw Material Purchases 325,000

Rent Expense - Factory 50,000

Rent Expense - Office 24,000

Rent Expense - Selling 24,000

Sales salaries Expense 97,500

Sales 1,452,000