Information from the Records of the Fisher Enterprises for the Month

Essay

Information from the records of the Fisher Enterprises for the month of March is as follows:
$\begin{array}{lr}\text { Purchases of direct materials } & \$ 54,000 \\\text { Indirect labour } & 15,000 \\\text { Direct labour } & 31,200 \\\text { Depreciation on machinery } & 9,000 \\\text { Sales } & 165,900 \\\text { Selling and administrative expenses } & 18,900 \\\text { Rent on factory building } & 21,000\end{array}$ $$\begin{array} { l r r } && \underline { \text { Irventaries } } \\ &\underline { \text { March } 1 }& \underline {\text { March } 31} \\\text { Direct materials } &\$24,000&\$26,100\\\text { Wark in pracess } & 6,300 & 9,600 \\\text { Finished goods } & 15,000 & 17,100\end{array}$$
a.Prepare a statement of cost of goods manufactured for the month of March.
b.Prepare an income statement for the month of March.
c.Determine prime and conversion costs.