Allure Company produces women’s clothing. During 2004, the company incurred the following costs: Factory rent 265,000 Direct labor 325,000 Utilities-Factory 88,000 Purchases of direct materials...

Allure Company produces women’s clothing.

During 2004, the company incurred the following costs:

Factory rent
265,000

Direct labor
325,000

Utilities-Factory
88,000

Purchases of direct materials
465,000

Indirect materials
70,000

Indirect labors
35,000

Inventories for the year were as follows:

January 1
December 31

Direct materials
90,000

50,000

Work in process
40,000
85,000

Finished goods
115,000
95,000

Required

Prepare a statement of cost of goods manufactured
Calculate cost of goods sold.