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Prepare a condensed cost of goods manufactured schedule for July 2022. Sandhill Corporation has the following information available about its July, 2022 production: 1. Finished

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Prepare a condensed cost of goods manufactured schedule for July 2022. Sandhill Corporation has the following information available about its July, 2022 production: 1. Finished goods inventory on July 1,2022 is $27,420 and on July 31,2022 is $24,400. 2. Work in process inventory on July 1,2022 is $24,400 and on July 31,2022 is $23,030. 3. Raw materials inventory on July 1,2022 is $10,320 and on July 31,2022 is $8,090. 4. Direct materials used in production in July were $44,500. Direct labour incurred in production in July was $29,300 and marufacturing overhead applied to production was $41,500. 5. Net sales for July, 2022 were $156,500 Prepare a condensed cost of goods manufactured schedule for July 2022. Prepare an income statement up to gross profit for July 2022

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