The H&W Pharmaceuticals Corporation manufactures most of its three pharmaceutical products in Indonesia. Inventory balances for March and April are as follows:

During April, purchases of direct materials, which included natural materials, basic organic compounds, catalysts, and suspension agents, totaled $612,600. Direct labor costs were $160,000, and actual overhead costs were $303,500. Sales of the company's three products for April totaled $2,188,400. General and administrative expenses were $362,000.
1. Prepare a statement of cost of goods manufactured and an income statement through operating income for the month ended April 30.
2. Why is it that the total manufacturing costs do not equal the cost of goods manufactured?
3. What additional information would you need to determine the profitability of each of the three product lines?
4. Indicate whether each of the following is a product cost or a period cost:
a. Import duties for suspension agent materials
b. Shipping expenses to deliver manufactured products to the United States
c. Rent for manufacturing facilities in Jakarta
d. Salary of the American production-line manager working at the Indonesian manufacturing facilities
e. Training costs for an Indonesian accountant

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Materials Inventory Work in Process Inventory Finished Goods Invensory March 31 $258,400 138,800 111,700 April 30 $228,100 127,200 114,100