Atlas Company is a fairly new company that began its operations on June 1, 2020. Atlas Company manufactures summer jackets. At the end of June, 2020 the following information was compiled:

Administrative Expense...................... $25,000

Direct Labour....................................... $10,000

Ending Finished Goods......................... $8,000

Ending Raw Materials......................... $20,000

Ending Work-in-Process....................... $7,000

Manufacturing Overhead..................... $6,000

Raw Material Purchases..................... $50,000

Sales Revenue................................... $120,000

Selling Expense................................... $30,000

a) Prepare a schedule of cost of goods manufactured for June.

b) Prepare an income statement for June.