B. Prepare a schedule of costs of goods sold for the month.

C. Prepare an income statement using the traditional format.

IV. Short Problem Shantz Corporation has provided the following data concerning last month's operation Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor cost Manufacturing overhead applied to Work in Process Sales Revenue Administrative Expenses Selling Expenses $32,000 $5,000 $58,000 $99,000 $350,000 $15,000 $8,000 Beginning Ending Raw materials inventory Work in process inventory Finished goods inventory $12,000 $16,000 $48,000 $53,000 $41,000 $47,000 Required: a. Prepare a Schedule of Cost of Goods Manufactured for the month