Part A: 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 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.