Given the following data for Apple Inc. for the fiscal year 2023:

Cost Component	Amount ($)
Direct Material Cost	3,000,000
Direct Labor Cost	1,500,000
Factory Overhead	1,200,000
Selling Expenses	800,000
Administrative Expenses	600,000
Beginning Work in Process	200,000
Ending Work in Process	300,000
Beginning Finished Goods	500,000
Ending Finished Goods	400,000
Sales Revenue	8,000,000

Requirements:

1. Calculate the total manufacturing cost.
2. Determine the cost of goods manufactured.
3. Compute the cost of goods sold.
4. Prepare an income statement for the fiscal year 2023.