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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


July 1st: $8,000 $1,100 $9,000

July 31st: $6,700 $1,600 $6,800

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

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

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