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.