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The following details are from the accounting records of Gulf Shore Limited for the year...

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Accounting

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The following details are from the accounting records of Gulf Shore Limited for the year ended April 30: Page 5 Costs incurred: Direct labour Raw material purchases Indirect labour Maintenance factory equipment Advertising expense Insurance, factory equipment Sales staff salaries Rent, factory facilities Supplies, factory Depreciation office equipment Depreciation, factory equipment $70,000 118,000 30,000 6,000 90.000 50.000 20.000 1.100 3.000 19.000 Beginning of Year Endele Inventories: Raw materials Work in process Finished goods $7.000 10,000 20,000 $15.000 5.000 35.000 Reynirud 1. Prepare a schedule of cost of goods manufactured for the year ended April 30, 2. Prepare the cost of goods sold section of Gulf Shore Limited's income statement for the year ended April 30. 3. Why does the cost of goods manufactured differ from cost of yoods sold

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