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on 1: Finn Inc. makes hats. For the month of March 2019, Finn Inc. had these inventory account balances: Beginning Balance (Jan 1) Ending Balance

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on 1: Finn Inc. makes hats. For the month of March 2019, Finn Inc. had these inventory account balances: Beginning Balance (Jan 1) Ending Balance (Jan 31) Account Direct Materials $51,000 $34,000 $89,000 Work in Process $72,000 Finished Goods $23,000 $26,000 During March 2019, Finn Inc. had the following transactions: a. Spent $47,000 on direct materials b. Spent $29,000 on direct labor c Calculated manufacturing overhead to be $25,000 d. Spent $20,000 on administrative expenses e. Spent $45,000 on selling expenses Sold 57,000 hats for $5 each f. Using this information please create a partial income statement for March 2019 for Finn Inc. TTTT

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