Preparing schedule of the cost of goods manufactured

Question

Problem: Prepare a schedule of the cost of goods manufactured for Timmons Manufacturing Company for the month ended December 31, 2008.

Account Balances
Finished Goods Inventory, December 31    $42,000
Factory Supervisory Salaries                      12,000
Income Tax Expense                                 18,000
Raw Materials Inventory, December 1         12,000
Work In Process Inventory, December 31    25,000
Sales Salaries Expense                              14,000
Factory Depreciation Expense                      8,000
Finished Goods Inventory, December 1        35,000
Raw Materials Purchases                             95,000
Work In Process Inventory, December        130,000
Factory Utilities Expense                               4,000
Direct Labor                                               70,000
Raw Materials Inventory, December 31         19,000
Sales Returns and Allowances                        5,000
Indirect Labor                                             21,000