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7) Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30: Goods in process inventory, May 31
7) Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30:
Goods in process inventory, May 31 | $12,600 |
Goods in process inventory, June 30 | 16,500 |
Direct materials used during June | 21,000 |
Direct labor used during June | 31,000 |
Factory overhead: |
|
Indirect material | 6,400 |
Indirect labor | 9,200 |
Factory rent | 12,000 |
Factory depreciation | 15,000 |
Factory utilities | 18,400 |
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