Statement of cost of goods manufactured and income statement

Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows: Sales $314,000 Selling and administrative expenses 127,500 Purchases of raw materials 44,000 Direct labor 30,000 Manufacturing overhead 54,500 Inventories August 1 August 31 Raw materials $ 7,000 $ 5,000 Work-in-process 13,000 11,000 Finished goods 15,000 18,000 Required Prepare a statement of cost of goods manufactured and an income statement for August 2017. Do not use negative signs with any of your answers below. Bridgeview Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ending August 31, 2017 Current manufacturing costs: Cost of materials placed in production: Raw materials, 8/1/17 $ 15,000 * Purchases 132,500 x Total available 147,500 * Raw materials, 8/31/17 18,000 * $ 129,500 x Direct labor 184 x Manufacturing overhead 0 * $ 0 X Work-in-process, 8/1/17 O X Total costs in process 0 X Work-in-process, 8/31/17 0 X Cost of goods manufactured $ 0 X