1.Prepare the 2013 manufacturing statement for Briton Company using the following information.
Direct materials . . . . . . . . . . . . . . . . . . . . . $ 190,500
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . 63,150
Factory overhead costs . . . . . . . . . . . . . . . 24,000
Goods in process, Dec. 31, 2012 . . . . . . . . 157,600
Goods in process, Dec. 31, 2013 . . . . . . . . 142,750