Cost of Goods Manufactured and Income Statement with Predetermined Overhead and Labor Cost Classification Assume information pertaining to Bauer Hockey for April of the current year follows. Sales $670,950 Purchases Raw materials 202,500 Manufacturing supplies 10,800 fice supplies 1,980 Salaries (including fringe benefits) Administrative 92,340 Production supervisors 22,050 Sales 94,500 Depreciation Plant and machinery 21,600 Office and office equipment 7,200 Utilities Plant 13,500 Office 5,400 Inventories April 1 | April 30 Raw materials $45,315 $47,250 Manufacturing supplies 5,580 5,660 Office supplies 1,620 1,350 Work-in-process 34,650 36,180 Finished goods 81,000 79,200 Additional information follows: 40,008 . Manufacturing overhead is applied to products at 125% of direct labor dollars. .Employee base wages are $15 per hour. Employee fringe benefits amount to 20% of the base wage rate. They are classified as manufacturing overhead. .During April, production employees worked 5,850 hours, including 4,680 regular hours and 360 overtime hours spent working on products. There were 810 indirect labor hours. . Employees are paid a 50% overtime premium. Any overtime premium is treated as manufacturing overhead. Required a. Prepare a statement of cost of goods manufactured and an income statement for April. Note: Do not use any negative signs with your statements