This problem is located on page 92 from the accounting book called Cost Management, 7th edition by Blocher, Stout, Juras, Cokins. It is number 3-55.

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3-55 Cost of Goods Manufactured; Income Statement the fiscal year ended December 31: Purchases of direct materials Direct labor Indirect labor Factory insurance Depreciationfactory Repairs and maintenancefactory Marketing expenses General and administrative expenses Direct materials inventory Work-in-process inventory Finished goods inventory Sales in the current year were $625,000. The following data pertain to Babor Company for Prior December 31 $23,000 13,000 17,000 Current December 31 $165,000 114,000 45,000 8,000 33,000 11,000 144,000 86,000 55,000 16,000 24,000 Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company similar to those in Exhibit 3.15A.