Managerial Accounting

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Part A: 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: 

a. Prepare a Schedule of Cost of Goods Manufactured in good form for April. b. Prepare an Income Statement in good form for April. 

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