Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows:

Required

Prepare a statement of cost of goods manufactured and an income statement for August 2017.

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Sales... Selling and administrative expenses Purchases of raw materials Direct labor..... Manufacturing overhead $315,000 127,500 45,000 30,000 55.500 Raw materials... Work-in-process. Finished goods.. Inventories August 1 August 31 8,000 $ 5,000 14,000 15,000 11,000 19,000