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Elway Company manufactures luxury leather footballs and has provided the following information for the month of April: Factory supplies used $25,000 Depreciation on factory building

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Elway Company manufactures luxury leather footballs and has provided the following information for the month of April: Factory supplies used $25,000 Depreciation on factory building 285,000 Commissions for sales personnel 200,000 Salary of company CFO 175,000 Minor maintenance on factory equipment 30,000 Research and development 120,000 Depreciation on corporate office 60,000 Advertising costs 750,000 Direct labor cost 530,000 Purchases of raw materials 800,000 Finished goods inventory, April 1 75,000 Finished goods inventory, April 30 70,000 Work-in-process inventory, April 1 50,000 Work-in-process inventory, April 30 60,000 Materials inventory, April 1 80,000 Materials inventory, April 30 100,000 Finished goods inventory units, April 1 3,700 Finished goods inventory units, April 30 3,500 Required: A. Prepare a Statement of Cost of Goods Manufactured. Elway Company Statement of Cost of Goods Manufactured For the Month of April A. Prepare a statement of Cost of Goods Manufactured Elway Company Statement of Cost of Goods Manufactured For the Month of April Direct Labor Materials Inventory, April 1 Overhead Total Manufacturing Costs Work-in-Process Inventory, April 1 B. Calculate the cost of one unit assuming 82,000 units were completed during April. C. Prepare a statement of Cost of Goods Sold, Elway Company Statement of Cost of Goods Sold For the Month of April D. Calculate the number of units that were sold during April. C. Prepare a statement of Cost of Goods Sold. Elway Company Statement of Cost of Goods Sold For the Month of April D. Calculate the number of units that were sold during April. E. Prepare an income statement assuming the sales price per unit is $45. Elway Company Income Statement For the Month of April Less: Selling expense - Administrative expense

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