Dream Makers is a small manufacturer of gold and platinum jewelry. It uses a job costing system that applies overhead on the basis of direct labor hours. Budgeted factory overhead for the year was $540,000, and management budgeted 37,500 direct labor-hours. The company had no Materials, Work-in-Process, or Finished Goods Inventory at the beginning of April. These transactions were recorded during April:

1. April insurance cost for the manufacturing property and equipment was $2,200. The premium had been paid in January.
2. Recorded $1,305 depreciation on an administrative asset.
3. Purchased 21 pounds of high-grade polishing materials at $16 per pound (indirect materials). The purchase was on credit.
4. Paid factory utility bill, $6,830, in cash.
5. Incurred 4,000 hours and paid payroll costs of $160,000. Of this amount, 1,000 hours and $20,000 were indirect labor costs.
6. Incurred and paid other factory overhead costs, $6,510.
7. Purchased $28,500 of materials. Direct materials included unpolished semiprecious stones and gold. Indirect materials included supplies and polishing materials. The purchase was on credit.
8. Requisitioned $22,500 of direct materials and $2,400 of indirect materials from Materials Inventory.
9. Incurred and paid miscellaneous selling and administrative expenses, $6,780.
10. Incurred $4,345 depreciation on manufacturing equipment for April.
11. Paid advertising expenses in cash, $3,250.
12. Applied factory overhead to production on the basis of direct labor hours.
13. Completed goods costing $68,000 during the month.
14. Made sales on account in April, $66,090. The Cost of Goods Sold was $54,580.

Prepare a schedule of Cost of Goods Manufactured.

Prepare a schedule of Cost of Goods Sold.

Prepare the income statement for April.