Question 4 flow of costs; schedule of cost of goods manufactured: Below is the information for the current year ended 12/31/2019 for Munder-Diflin, Inc., a paper manufacturer.

Beginning finished goods inventory		$	9,440
Beginning work in process inventory			5,810
Beginning raw materials inventory (direct materials)			8,700
Direct labor used			23,130
Factory overhead (OH)			31,090
Administrative salaries			22,000
Ending finished goods inventory			10,320
Ending work in process inventory			5,250
Ending raw materials inventory			8,995
Depreciation main office			4,500
Raw materials purchases (direct materials)			27,470
Advertising expenses			19,000
Sales			424,355
Cash			28,000
Sales Commissions			18,100
Factory equipment, net			242,500
Accounts receivable, net			14,600

1. Calculate the cost of direct materials used during the period.
2. Prepare a schedule of cost of goods manufactured for the current period.
3. Calculate the cost of goods sold during the period.
4. Prepare an income statement for the period ended 12/31/2019 (assume no income tax expenses).