Problem 2 (15 points)
	The following cost and inventory data were taken from the records of the Beca Company for the year 2021:
	Costs incurred:
	Depreciation, factory equipment	30,000
	Depreciation, office equipment	7,000
	Indirect materials (comes from raw materials)	6,200
	Maintenance, factory equipment	20,000
	Utilities, factory	8,000
	Sales commissions	30,000
	Indirect labor	54,500
	Rent, factory building	70,000
	Purchases of raw materials (net)	124,000
	Direct labor cost	86,000
	Advertising expense	90,000
	Sales	615,000
	Inventories:
		January 1, 2021	December 31,2021
	Raw Materials	10,200	11,500
	Work in Process	9,900	21,000
	Finished goods	49,000	24,000
	Required:
	(a) Show computation of direct materials used in production for 2021
	(b) Show the schedule and calculation of the cost of goods manufactured for 2021.
	(c) Prepare a cost of goods sold statement/schedule for 2021.
	(d) Prepare an income statement for 2021