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Q. Standford Corporation has provided the following data for the month of February: Sales $280,000 Raw materials purchases $76,000 Direet labor gast $42.000 Manufacturing overhead

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Q. Standford Corporation has provided the following data for the month of February: Sales $280,000 Raw materials purchases $76,000 Direet labor gast $42.000 Manufacturing overhead $77,000 Selling expense $20.000 Administrative expense $35.000 Inventories: Raw materials. Work in process - Finished goods .... Beginning Ending $22.000 $33.000 $15.000 $23.000 $$2.000 $43,000 Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form for February. b. Prepare an Income Statement in good form for February

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