Standford Corporation has provided the following data for the month of February:

Prepare a Schedule of Cost of Goods Manufactured in good form.

Compute the Cost of Goods Sold.

Prepare an Income Statement in good form

Sales Raw materials purchases. Direct labor cost ... Manufacturing overhead Selling expense Administrative expense. Inventories: Raw materials...... Work in process.. Finished goods .... Beginning $280,000 $76,000 $42,000 $77,000 $20,000 $35,000 Ending $22,000 $33,000 $15,000 $23,000 $52,000 $43,000