Question

DM Inventory, Beginning $1,000 DM Inventory, Ending $900 DM Purchased $8,000 DL $6,000 Factory Overhead $7,000...

DM Inventory, Beginning $1,000
DM Inventory, Ending $900
DM Purchased $8,000
DL $6,000
Factory Overhead $7,000
WIP Inventory, Beginning $2,000
WIP Inventory, Ending $2,100
Finished Goods Inventory, Beginning $9,500
Finished Goods Inventory, Ending $8,500
Sales Revenue $70,000
Selling and Administrative Expenses $20,000
Income Tax Rate 20%

Please show work.

a. Prepare the company's Cost of Goods Manufactured Schedule

b. Prepare the company's Income statement

Thanks

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