Reference no: EM132478221

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.