Q. Purchases of materials during the quarter were $427,800. Total direct labour costs were incurred in the amount of $1,482,000. Actual manufacturing overhead costs were incurred as follows operating supplies used, $17,100; janitorial and maintenance, $87,300; employee benefits, $26,400; utilities, $162,000; depreciation of factory, $43,200; property taxes, $24,000; factory insurance, $29,000. Net sales for the quarter were $3,562,200. Selling and administrative expenses were $508,000. Income taxes should be computed at 40 percent.

a. Prepare a statement of cost of goods manufactured for the first quarter of 2004.