Reference no: EM132630320

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:

Problem a. Prepare a Schedule of Cost of Goods Manufactured in good form for April.

Problem b. Prepare an Income Statement in good form for April.