Part A Instructions: Use the information provided below forPlant A of Big Noizz Corporation to prepare the Statement of Costof Goods Manufactured, Cost of Goods Sold and Income Statement for2017.
Sales $20,000
Raw Materials Used $5,000
Direct Labor Costs $2,000
Selling and Administrative Expenses $5,000
Beginning Raw Material Inventory $600
Ending Raw Material Inventory $2,000
Net Income $400
Beginning Work-in-Process Inventory zero
Ending Work-in-Process Inventory $600
Beginning Finished Goods Inventory $1,400
Ending Finished Goods Inventory $800
