Question 4 (10 Points) Information from the records of Masibo Company for the last month is as follows: Purchases of direct materials Indirect labor Ne $ 65,000 25,000 32,500 Direct labor Depreciation on factory machinery Sales Selling and administrative expenses Rent on factory building 12,000 205,900 21,000 28,000 Inventories Beginning Ending $31100 Direct materials $30,000 Work in process 9,000 22,000 10,100 20,100 Finished goods Required: a. Prepare a statement of cost of goods manufactured for the last month. b. Prepare an income statement for the last month. c. Determine prime and conversion costs