Reference no: EM132620677
As a group, complete the following activities in good form. Use excel or word only. Provide all supporting calculations to show how you arrived at your numbers 2. Add only the names of group members who participated in the completion of this assignment. 3. Submit only one copy of your completed work via Moodle. Do not send it to me by email. 4. Due: No later than the last day of Module 2. Please note that your professor has the right to change the due date of this assignment.
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.
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