Question: Chapter 4 2. Heal Inc has the following data for February 2020 Baw material account Beginning inventory: 200 Purchased raw material: 400 Ending inventory 200

Chapter 4 2. Heal Inc has the following data for February

Chapter 4 2. Heal Inc has the following data for February 2020 Baw material account Beginning inventory: 200 Purchased raw material: 400 Ending inventory 200 Work-in-process account. Beginning inventory: $100 Direct labor: 5600 Overhead: $500 Ending Inventory: $400 Einished-good account Beginning inventory: $500 Ending inventory: $400 Sales revenue: $5,000 Selling and Administrative cost: $2,000 Required: (1) What is the cost of direct material? (2) What is the cost of goods manufactured? O) What is the cost of goods sold? (4) What is the company's net income

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