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Information from the records of the Navaho Industries for the month of July is as follows:


    Purchases of direct materials$24,000 Indirect labor 6,500 Direct labor 13,200 Depreciation on factory machinery 3,600 Sales 75,300 Selling and administrative expenses 8,900 Rent on factory building 8,400 


Inventories:July 1July 31Direct materials$8,000 $6,700 Work-in-process 1,100  1,600 Finished goods 9,000  6,800 



(a) Prepare a statement of cost of goods manufactured and sold for the month of July.

(b) Prepare a gross margin income statement for the month of July.


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