Aikman Corporation has the following cost records for June 2012:

Instructions
(a) Prepare a cost of goods manufactured schedule for June 2012.
(b) Prepare an income statement through gross profit for June 2012, assuming net sales are $87,100.

Transcribed Image Text:

Indirect factory labour Direct materials used Work in process (6/1/12) Work in process (6/30/12) Finished goods (6/1/12) Finished goods (6/30/12) S 400 1,400 30,000 1,800 2,200 3,000 4,500 Facry ilities 25,000 Depreciation, factory equipment 3,000 Direct labour 2,800 5,000 Maintenance, factory equipment Indirect materials 9,500 Factory manager's salary