On August 1, Cairle Companys work-in-process inventory consisted of three jobs with the following costs:

	Job 70	Job 71	Job 72
Direct materials	$1,600	$2,000	$850
Direct labor	1,900	1,300	900
Applied overhead	1,425	975	675

During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows:

	Job 70	Job 71	Job 72	Job 73	Job 74	Job 75	Job 76
Direct materials	$800	$1,235	$3,550	$5,000	$300	$560	$80
Direct labor	1,000	1,400	2,200	1,800	600	860	172

Before the end of August, Jobs 70, 72, 73, and 75 were completed. On August 31, Jobs 72 and 75 were sold.

Cairles selling and administrative expenses for August were $1,200. Assume that Cairle prices its jobs at cost plus 20 percent.

Required:

Prepare an income statement for Cairle Company for August.

Cairle Company
Income Statement
For the Month of August
	$
	$
	$