Rebel Yell, Inc., recorded the following data for April:

Sales revenue$72,000InventoryBeginningEnding

Direct labor10,000Raw materials$10,000$ 5,000

Selling & administrative costs7,000Work-in-process18,00017,000

Raw materials purchased20,000Finished goods21,00016,500

Manufacturing overhead13,500

1. What were thetotal product costsfor April?

a) $43,500

b) $38,500

c) $48,500

d) $49,500

2)What was the amount ofcost of goods manufacturedfor April?

a) $53,000

b) $47,500

c) $49,500

d) $44,500

3)What was the amount ofcost of goods soldfor April?

a) $54,000

b) $49,000

c) $49,500

d) $53,000

4 What was Rebel Yell, Inc.'soperating incomefor April?

a) $12,000

b) $18,000

c) $11,000

d) $15,500