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Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. Inventory information is as follows: Materials Work in process June 1 June 30 $48,000 65,000 $45,000 63,000 Suppose that on June 1, Slapshot had 350 units in finished goods inventory costing $80,000 and on June 30, 370 units in finished goods inventory costing $84,000. Slapshot Company sold 1,880 sticks during the month at a price of $400 each. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $65,000. Administrative expense totaled $53,800. Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. Inventory information is as follows: Materials Work in process June 1 June 30 $45,000 $48,000 65,000 63,000 Suppose that on June 1, Slapshot had 350 units in finished goods inventory costing $80,000 and on June 30, 370 units in finished goods inventory costing $84,000. Slapshot Company sold 1,880 sticks during the month at a price of $400 each. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $65,000. Administrative expense totaled $53,800. Required: a. Prepare a Statement of Cost of Goods Manufactured. b. Prepare a Cost of Goods Sold schedule. c. Prepare an Income Statement for the month ended June 30, 2022

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