Tesla's solar panel division provided the following information for April 2023:

Description	Amount (in $)
Raw Material Inventory (1/4)	200,000
Purchases	500,000
Raw Material Inventory (30/4)	150,000
Direct Labor	250,000
Factory Overhead	100,000
Finished Goods Inventory (1/4)	300,000
Finished Goods Inventory (30/4)	200,000
Sales	1,200,000
Operating Expenses	150,000

Requirements:

1. Calculate the total Raw Material Used.
2. Determine the Total Manufacturing Costs.
3. Compute the Cost of Goods Manufactured.
4. Calculate the Cost of Goods Sold.
5. Prepare the Income Statement for April 2023.