QUESTION NO 2: (Assignment)

The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.

Raw Materials Inventory 7/1/11	$ 48,000	Factory Insurance	$ 4,600
Work in Process Inventory 6/30/12	18,600	Factory Machinery Depreciation	16,000
Direct Labor	24,460	Factory Utilities	27,600
Raw Materials Purchases	96,400	Office Utilities Expense	8,650
Finished Goods Inventory 7/1/11	96,000	Sales	554,000
Finished Goods Inventory 6/30/12	95,900	Marketing expense	4,200
Work in Process Inventory 7/1/11	19,800	Plant Managers Salary [factory]	29,000
Raw Materials Inventory 6/30/12	39,600	Indirect material	9,600
Advertising expense	12,000	Office managers salary	8,000

Instructions

(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

(b) Prepare an income statement through gross profit.

Please answer part A and part B

Thanks in advance. It will be better to understand if you give a picture of a hand note