Work sheets for Bedthings, Inc., a manufacturing firm, are included in the Working Papers. Use the information for April from Work Together 20-2. Work independently to complete the following problems.

1. Prepare a statement of cost of goods manufactured for April of the current year.

2. Prepare an income statement for April of the current year.

3. Prepare a balance sheet as of April 30 of the current year.

Data from Work Together 20-2.

Work sheets for Bedthings, Inc., a manufacturing firm, are included in the Working Papers. Additional information for Bedthings for the months of March and April follow. Your instructor will guide you through the following examples.

Prepare a statement of cost of goods manufactured for March of the current year.

Prepare an income statement for March of the current year.

Prepare a balance sheet as of March 31 of the current year.

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Cost of Direct Materials Used to Produce Finished Goods Cost of Direct Labor Used to Produce Finished Goods Actual Factory Overhead March $110,950.00 Applied Factory Overhead Beginning Finished Goods Inventory Beginning Work in Process Inventory April $123,490.00 82,165.00 88,205.00 61,150.00 64,320.00 62,310.00 63,730.00 102,845.00 118,520.00 78,100.00 78,360.00