The following information is taken from the records of Britton Company for March:

Purchases:

Direct materials $9,000,000

Indirect materials 200,000

Office supplies 420,000

Sales 36,000,000

Salaries and Benefits:

Selling and administrative 4,000,000

Direct manufacturing labour 6,000,000

Rent* 4,000,000

Utilities* 1,200,000

Advertising 700,000

Inventories: March 1 March 31

Direct materials $4,400,000 $1,600,000

Indirect materials 500,000 600,000

Office supplies 150,000 180,000

Finished goods 24,000,000 16,000,000

* Of these costs, 60 percent are assigned to manufacturing and 40 percent to selling and administration.

Required:

a. Prepare a schedule of cost of goods manufactured.

b. Prepare an income statement for the month.

c. Calculate the following

1. Prime Costs

2. Conversion Costs

3. Indirect Manufacturing Costs