Chambers Manufacturing Firm had following information for April 2015:
Beginning Raw Materials Inventory $ 25,000
Beginning Work-in-process Inventory 30,000
Beginning Finished Goods Inventory 32,000
Ending Raw Materials Inventory 24,000
Ending Work-in-process Inventory 28,000
Ending Finished Goods Inventory 34,000
Raw materials purchased 250,000
Assembly line labor costs 175,000
Sales Revenue 875,000
Factory supplies used 4,500
Depreciation on factory 22,000
Depreciation on production machinery 35,000
Depreciation on sales office 13,000
Depreciation on administrative equipment 9,000
Sales salaries 78,000
Factory supervision 65,000
Factory security guard cost 33,000
Office security guard cost 28,000
Required:
Prepare a cost of goods manufactured schedule.
Prepare a cost of goods sold schedule.
Prepare an Income Statement.