Part A Instructions: Use the information provided below for Plant A of Big Noizz Corporation to prepare the Statement of Cost of Goods Manufactured, Cost of Goods Sold and Income Statement for 2017.

Sales $20,000

Raw Materials Used $5,000

Direct Labor Costs $2,000

Selling and Administrative Expenses $5,000

Beginning Raw Material Inventory $600

Ending Raw Material Inventory $2,000

Net Income $400

Beginning Work-in-Process Inventory zero

Ending Work-in-Process Inventory $600

Beginning Finished Goods Inventory $1,400

Ending Finished Goods Inventory $800