1.) Using data provided from the income statement data and the balance sheet complete the Schedule of Cost of Goods Manufactured

2.) Calculate the cost of the goods manufactured for the month of February.

3.) Build a Multi-step Income Statement Use 21% as the federal income tax rate. Apply the rate to the pre-tax income and calculate the final net income after the tax expense.

Schedule of Cost of Good Manufactured Direct Material Beginning balance purchase Raw material available for use Less ending balance of raw material Direct Material used Direct labor Factory Overhead Schedule of Cost of Good Manufactured Direct Material Beginning balance purchase Raw material available for use Less ending balance of raw material Direct Material used Direct labor Factory Overhead