a. Prepare a Cost of Goods Manufactured Schedule for the month

b. What is the net income earned at the end of the month?

Victor Ramos is a contractor specializing in custom-built jae On May 1 2017. his ledger contains the following data Raw Materials Inventory $30,000 Work in Process Inventory 13,080 Manufacturing Overhead 2,500 (dr.) The Manufacturing Overhead account has debit totals of $12,500 and credit totals of $10,000. Subsidiary data for Work in Process Inventory on May 1 include: Job Cost Sheets Manufacturing by Customer Direct Materials Direct Labor Overhead Clark $2,600 $2.100 $1,680 Douglas 2,000 1,200 960 Evans 1.100 800 640 $5,700 $4,100 $3,280 Job During May, the following costs were incurred: (a) raw materials purchased on account $4,300, (b) labor paid $8,200, (e) manufacturing overhead paid $1,600 A summary of materials requisition slips and time tickets for the month of May reveals the following Job by Customer Materials Requisition Slips Time Tickets Clark $ 500 $ 400 Douglas 800 1,000 Evans 2,300 1,300 Franz 1.900 2,900 5,500 5,600 General use 1,500 2,000 $7,000 $7,600 Overhead was charged to jobs on the basis of $0.80 per dollar of direct labor cost. The jacuzzis for customers Clark, Douglas, and Evans were completed during May. Each jacuzzi was sold for $15,000 cash