The following data (in thousands of dollars) have been taken from the accounting records of Barn Burner Corporation for the just completed year.      

Sales                                                                   $870

Purchases of raw materials                                    $110

Direct labour                                                        $130

Depreciation - Factory equipment                           $100

Factory Insurance                                                 $50

Indirect labour - Factory supervisor                         $25

Factory Repairs & Maintenance                                $25

Administrative expenses                                        $160

Selling expenses                                                   $140

Marketing expenses                                              $50

Raw materials inventory, beginning                        $  30

Raw materials inventory, ending                            $  60

Work in process inventory, beginning                     $  50

Work in process inventory, ending                         $ 10

Finished goods inventory, beginning                       $150

Finished goods inventory, ending                           $140

Required:

i. Prepare a Schedule of Cost of Goods Manufactured in good form.

ii. Compute the Cost of Goods Sold.

iii. Prepare a simple Income Statement in good form.