Assignment 4: Reporting HEAVENLY CREATIONS, INC. Statement of Cost of Goods Manufactured Year Ended January, 31, 201X Beginning Work-in-Process Inventory Direct Materials Used: Beginning Raw Materials Inventory Purchases of Raw Materials Raw Materials Available for Use Ending Raw Materials Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured HEAVENLY CREATIONS, INC. Income Statement Year Ended January 31, 201X Revenues: Sales Revenue $ 10,000 Cost of Goods Sold Gross Margin Expenses: Cash Register 12 Salary Expense Phone Expense 50 Accounting Expense 100 Total Expenses Net Income (Loss)