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488 3434,000. Calculate the cost of llt Cost of ending WIP Exercise 2.15 Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at
488 3434,000. Calculate the cost of llt Cost of ending WIP Exercise 2.15 Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied by its accountant: Direct materials inventory Work-in-process inventory Finished goods inventory $62,400 33,900 55,600 During June, direct labor cost was $143,000, direct materials purchases were $346,000, and the total overhead cost was $375,800. The inventories at the end of June were Direct materials inventory Work-in-process inventory Finished goods inventory $63,000 37,500 50,800 Required: 1. Prepare a cost of goods manufactured statement for June. 2. Prepare a cost of goods sold schedule for June
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