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Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement Nish Corporation has...

Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement
Nish Corporation has provided the following data for the month of April:
Sales ...............................................
$220,000
Raw materials purchases ...............
$50,000
Direct labor cost ............................
$23,000
Manufacturing overhead cost ........
$59,000
Selling expense ..............................
$18,000
Administrative expense .................
$43,000
Inventories:
Beginning
Ending
Raw materials ........
$26,000
$35,000
Work in the process .....
$18,000
$22,000
Finished goods .......
$42,000
$29,000
Required:
a. Prepare a Schedule of Cost of Goods Manufactured in good form for April.
b. Prepare an Income Statement in good form for April.

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