The following data (in thousands of dollars) have been taken from the accounting

records of Adis Custom Shoe Company as at September 30th

Sales

$ 450

Purchases of raw materials

$ 50

Direct Labour

$ 70

Manufacturing overhead

$ 60

Administrative expenses

$ 80

Selling expenses

$ 65

Ram materials inventory,

beginning

$ 20

Ram materials inventory,

ending

$ 20

Work in process inventory,

beginning

$ 30

Work in process inventory,

ending

$ 20

Finished goods inventory,

beginning

$ 45

Finished goods inventory,

ending

$ 35

Required:

1.Prepare a Schedule of the Cost of Goods Manufactured

2.Compute the Cost of Goods Sold

3.From the data above, prepare an Income Statement