The Following Information Pertains to Ortega Corporation for the Year

The following information pertains to Ortega Corporation for the year ended December 31, 20--. $\begin{array}{lr}\text { Sales } & \$ 978,000 \\\text { Purchases of materials } & 176,000 \\\text { Indirect lab or } & 42,000 \\\text { Indirect materials } & 12,000 \\\text { Depreciation of factory equipment } & 5,300 \\\text { Depreciation of factory building } & 18,000 \\\text { Selling expenses } & 44,000\\\text { Other factory overhead expenses } & 48,000 \\\text { Direct labor } & 392,000 \\\text { Materials inventory, December } 31,20-- & 36,000 \\\text { Work in process, January } 1,20-- & 72,000 \\\text { Materials inventory, January } 1,20-- & 24,000 \\\text { Work in process, December } 31,20-- & 98,000 \\\text { Finished goods inventory, January } 1,20-- & 112,000 \\\text { Finished goods inventory, December } 31,20-- & 116,000\end{array}$ Required:
Prepare a statement of cost of goods manufactured.