The following information has been extracted from the recordsof ABC Company:

The following information has been extracted from the records of ABC Company: Sales revenue 920000 Finished goods, January 1, 2017 18000 Direct material, January 1, 2017 34000 Income tax expenses 84000 Finished goods, December 31, 2017 60000 Work-in-process, January 1, 2017 28000 Direct material, December 31, 2017 24000 Work-in-process, December 31, 2017 26000 Purchase of direct material 185000 Direct labor 140000 Indirect manufacturing labor 14000 Selling and administrative expenses 105000 Amortization - Plant, property and equipment 52000 Other manufacturing overhead 60000 Indirect material 10000 Required: Compute the cost of goods manufactured. Compute the Cost of Goods Sold for the year. Compute the net income after taxes for the year. Compute prime cost. Compute conversion cost