1. Company A has provided you with the following information for the month of October Sales revenue $22.700 Selling and Administrative Expenses $2.700 Direct materials purchased $5,000 Direct labor $3,000 Manufacturing overhead applied $7.000 Direct materials inventory has increased by $1.000 Work in process inventory has decreased by $2,000 Finished goods inventory has decreased by $4,000 Calculate the costs of goods manufactured, the costs of goods sold, and prepare the income statement for the month