A company that produces, promotes, and sells music CD’s
1. I need to prepare an income statement
2. Find balances for work-in-progress and finished goods inventory

Info I have to go on is as follows:
Direct materials cost is $3.00/unit
Direct labor cost is .25/unit
Copy machine cost is $1200/hour (making 2400 units/hr)
Total number of units copied is 1,025,000
Units sold is 850,000 (wholesale price to store is $16)
Promo materials cost $40/store (42,500 stores)
Media costs were $4,000,000
Legal fees were $1,200,000
Shipping costs are $0.25/unit
1,000,000units are complete
25,000 units copied but not completed at end of cycle

well then you have a lot of methodical work to do, sorry but it's up to you