AaBbCcDdEe AaBbCcDdEe AaBbCcDC AaBbCCDdE 11 1 1 lill 1 111 111I Normal No Spacing Heading 1 Heading 2 2. The following information is available for the Beam Company for the month ended May 31, 2021: Direct Materials Inventory, May 1 $27,000 Direct Materials Inventory, May 31 24,500 Work-in-Process Inventory, May 1 25,000 Work-in-Process Inventory, May 31 29,000 Finished Goods Inventory, May 1 22,000 Finished Goods Inventory, May 31 15,000 Direct Labor cost $30,000 (2,500 hours x $12 Purchases of Raw Materials 21,000 Equipment Depreciation - Factory 2,000 Indirect Materials 2,500 Supplies Expense - Admin Office 100 Equipment Depreciation - Admin Office 750 Factory Supervision 3,000 Sales Commissions 1,500 Advertising Expense 2,500 Administrative Salaries 20,000 Utilities - Admin Building Utilities - Factory 200 Sales $150,000 Note: 1. The Income Tax Rate is 21% (Round the Income Tax amount to the nearest dollar) Required: 1. Prepare the schedule of Direct Materials Used in good form 2. Prepare the schedule of Cost of Goods Manufactured in good form 3. Prepare the schedule of Cost of Goods Sold in good form 4. Prepare the "Income Statement" in good form Focus d States) Accessibility: Good to go