Statement of cost of goods manufactured; income statement; balance sheet LO_3,4 The adjusted trial balance for Fiorelli Furniture Company on September 30, the end of its first month of operation, is as follows:

The general ledger reveals the following additional data:

a. There were no beginning inventories.

b. Materials purchases during the period were $33,000.

c. Direct labor cost was $18,500.

d. Factory overhead costs were as follows:

Required:
1. Prepare a statement of cost of goods manufactured for the month of September.
2. Prepare an income statement for the month of September.
3. Prepare a balance sheet as of September 30.

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Cash... Accounts Receivable Finished Goods Work in Process Materials... Building Fiorelli Furniture Company Trial Balance September 30, 2002 Accumulated Depr.-Building. Machinery and Equipment. Accumulated Depr-Mach. and Equip.. Accounts Payable. Payroll Capital Stock Sales... Cost of Goods Sold. Factory Overhead Selling and Administrative Expenses $ 21,800 16,200 13,900 7,400 300,000 $ 3,000 88,000 - 2.200 7,900 422,550 68,300 41,450 - 15,200 $503,950 $503,950