How to prepare an income statement in good form for april

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Reference no: EM132565076

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:

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

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

Reference no: EM132565076

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