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Frosting corp. has provided the following relating to the most recent month (August 31, 2020) of operations, for their main product, cupcakes. Bakers salaries: 20,000

Frosting corp. has provided the following relating to the most recent month (August 31, 2020) of operations, for their main product, cupcakes.

Bakers salaries: 20,000

finished goods inventory, beginning 18,000

finished goods inventory, ending: 20,000

General & administrative expenses: 20,000

Indirect materials: 17,500

Productions supervisor, Salary: 21,000

Purchase of raw materials: 28,000

Raw materials inventory, ending: 19,000

Raw materials inventory, beginning: 18000

rent on productions factory 19,000

rent, retail store: 18,000

Sales: 243,000

utilities on production factory: 17,500

utilities, retail store: 17,000

Wages, retail staff: 20,000

WIP inventory, beginning: 19,500

WIP inventory, ending: 21,500

1) a schedule of cost of goods manufactured in good format

2) the cost of goods sold section of the income statement

3) an income statement in good format

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