Apple Inc. produced and sold 10,000 units of its product during the month of February. The following information pertains to the production and sale of the product:

• Direct materials cost per unit: $10 (purchased from Amazon)
• Direct labor cost per unit: $5
• Manufacturing overhead cost per unit: $3
• Selling price per unit: $30

Calculate the cost of goods sold and prepare an income statement for the month of February.