Atlas Company is a fairly new company that began its operations on June 1, 2020. Atlas Company manufactures summer jackets. At the end of June, 2020 the following information was compiled:

Administrative Expense$25,000

Direct Labour$10,000

Ending Finished Goods$8,000

Ending Raw Materials$20,000

Ending Work-in-Process$7,000

Manufacturing Overhead$6,000

Raw Material Purchases$50,000

Sales Revenue$120,000

Selling Expense$30,000

a) Prepare a schedule of cost of goods manufactured for June

b) Prepare an income statement for June